With the stock market’s tumble in the last several days, we have at least some good coming out of it. The average 30-year mortgage rate has now fallen below 4%, the lowest since June 2013. Since mortgage rates follow the 10-year treasury bond, rates have fallen with the influx of purchasing from investors as they look for safety in their investments.
“Investors have rushed to bonds because they have been spooked by a combination of economic weakness in Europe, concerns about Ebola and geopolitical turmoil around the world.”
What a great time to buy! If you thought you missed the boat to buy or refinance when rates were at 4.5-4.6%, you’ve been given another chance! Call me today and let’s get started!
David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
Each office independently owned and operated