reddie Mac Commentary - Mortgage rates are down following an increase of more than half a percent over five consecutive weeks. Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During times of high mortgage rate volatility, homebuyers would greatly benefit from shopping for additional rate quotes. Our research concludes that homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among multiple lenders. Last week 30-YR FRM 6.73%.
For more information: https://www.freddiemac.com/pmms
On October 21, 1981 the survey said 18.39% on a 30-Yr FRM (All Time High)
On December 24, 2020 the survey said 2.66% on a 30-Yr FRM (All Time Low)
For more information:
John Marbury - 205-266-5669 john.marbury@colonybank.cm NMLS# 740833
George Kontos - 205-876-7484 george.kontos@colonybank.com NMLS# 242754
For updates, mortgage calculators and online application go to: https://www.johnmarbury.com/
NMLS # 408873
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