Sanibel Real Estate Blog: Rising Interest Rates

 Sanibel real estate buyers, listen up: long-term U.S. mortgage rates continued to surge last week after the recent election.

Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03 percent, the highest since July 2015 and up from 3.94 percent a week earlier. The rate on 15-year home loans climbed to 3.25 percent, up from 3.14 percent last week and highest since January.

BUY now before they go higher. We at the Andrews team can help. Check out all new listings on our website at www.chuckandrews.com

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