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Hudson Valley Real Estate Interest Rates Hit a 12-month Low!

Wednesday, February 27, 2019   /   by Vanessa Saunders

Hudson Valley Real Estate Interest Rates Hit a 12-month Low!

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According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.

Interest Rates Hit New 12 Month Low! | Keeping Current Matters

Freddie Mac’s Chief Economist, Sam Khater, had this to say:

“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.

Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”

Global Property Systems says:

If you plan on buying a home this spring, contact Barry Goldenberg, Senior Loan Originator for Luxury Mortgage who can help prepare you for today’s market before rates increase!


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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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