Sanibel Real Estate Blog: Mortgage Rates Still Falling

According to mortgage buyer Freddie Mac:long-term U.S. mortgage rates fell this week, as the benchmark 30-year rate declined for the fourth straight week to its lowest level in nearly seven months.

They went on to say  the average rate on 30-year fixed-rate home loans dropped to 3.89 percent from 3.94 percent last week. The rate stood at 3.60 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

Maybe time to look into some Sanibel real estate! Check out the Sanibel real estate listings on our website at www.chuckandrews.com or give us a call to discuss the market anytime. We can also recommend some excellent lenders with really good rates.

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