Friday, September 27, 2013

Mortgage Rates Dip to July Levels

Average mortgage rates dip to lowest level in over 2 months to 4.32%.  The decline follows the slow down in Federal Reserve slowing on bond purchases.  70% of mortgage experts indicate rates will drop, 10% think rates will rise, while 20% think they will stay the same.  If you are shopping for a loan discuss with your mortgage broker the best time to lock in an interest rate. This means your rate will be locked in for mortgage and would not change.