October 2019 Mortgage News Update

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In recent months, there has been much speculation about mortgage rates. While we’ve seen some historic lows, industry experts warn that an uptick could happen at virtually anytime due to many factors that are unpredictable.

In the last few days, there was a slight uptick in rates that worried experts, but now, we’re seeing rates go back down in line with some of the major lows we’ve seen recently.

The average rate on a 30 year fixed mortgage is running around 3.625%, while FHA/VA mortgages are averaging 3.375%. If you’ve been considering a mortgage, now is a great time to get the most from your investment. Contact me today to learn how you can take advantage of the current low mortgage rates!

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