Mortgage Rates Hit All-Time Record Low Heading into Holiday Weekend

Interest Rates

Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year.

On the economic front, incoming data suggest the rebound in economic activity has paused in the last couple of weeks with modest declines in consumer spending and a pullback in purchase activity.

Current Mortgage Rates Data Since 1971

If you are looking to get pre-approved for a mortgage, I would suggest consulting with Cindy Kramer, the VP of Mortgage Lending at Guaranteed Affinity. She is my trusted mortgage expert. Not only is she knowledgable, but she also is accessible, has very competitive rates, and is wonderful to work with. 

Here is more info on Cindy and a link to start your pre-approval

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.


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