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“Our service is what makes the difference”

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Mortgage Interest Rates Went Up Again… Should I Wait to Buy?


Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades.

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.


Posted in: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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Active
285000
Open House: Saturday from 11:00 AM to 2:00 PM

52305 AVENIDA OBREGON LA QUINTA CA

52305 Avenida Obregon
La Quinta, CA 92253

  • 3Beds
  • 2Baths
  • 1280Sq ft
View Listing
Active
Residential 305,000
Open House: Open House Saturday and Sundays

28865 PORTSMOUTH DR.

28865 Portsmouth Dr.
Sun City, CA 92586

  • 3Beds
  • 2Baths
  • 1961Sq ft
View Listing
Active
Condo 349,900
Open House: Saturday 09/21/2019 from 11:00 AM - 3:00 PM

1781 Neil Armstrong Street, Unit#104

1781 Neil Armstrong St # 104
Montebello, CA 90640

  • 2Beds
  • 2Baths
  • 970Sq ft
View Listing

About Agent

We are Real Estate Professionals in Los Angeles, Riverside and San Bernardino areas

Associations:
• Downey Association of Realtors (DAOR)
• Southland Regional Association of Realtors (SRAR)
• Inland Valleys Association of Realtors (IVAR)
• Citrus Valley Association of Realtors (CVAR)
• East Valley Association of Realtors (EVAR)

MEMBER OF :
National Association of Hispanics Real Estate Professionals (NAHREP)
National Association of Realtors (NAR)

What our clients are saying

Jose G.

I would recommend Sergio from Velasco Realty Group to anyone.
This has been very pleasant working with him on buying my first home while I bugged him all the time for littlest things and he always had answers. He was very responsive and knowledgeable on any questions I had on buy my first home. He made this process easier then what I expected it to be.


Jose G, Riverside CA.] More Testimonials

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Velasco Realty Group
O (562) 450.0230
F (562) 319.6058
1605 W Olympic Blvd Suite 9004
Los Angeles, CA. 90015

sergio@VelascoRealty.com
(562) 450-0230
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