With the stock market continuing to be so volatile and worries that the economy is slowing heading into the second half of the year, this will continue to help keep mortgage rates at record levels for possibly months to come!
30 year fixed rates still are averaging 4.75 to 4.875%…depending upon loan to value and credit scores.
Are adjustable rate mortgages worth looking at again?
10 year fixed adjustable rates are averaging 4.50% and 7 year adjustable rate mortgages at 4.00%!!!
Average home buyer still lives in home 7 to 10 years so these loan products again are becoming attractive!
Have a great weekend
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