Mortgage Rates Fall Below 4 Percent

Dated: 06/24/2019

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If you are on the fence about purchasing, mortgage rates fall below 4%! 

As 30-year fixed-rate mortgages dropped to their lowest since September 13, 2017, nearly 6 million mortgage borrowers can benefit from refinancing into a lower rate — including some 950,000 people who got their mortgage last year, according to analytics firm Black Knight. The average monthly savings is about $271 per person, totaling approximately $1.6 billion per month. This is also good news for current homebuyers who want to save money on mortgage costs and lock in rates during the peak homebuying season.


https://www.bankrate.com/mortgages/analysis/

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