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Laura Matiz

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Mortgage Rates Near 2015 Lows

2/15/2016

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by Laura Matiz 

The most recent report (February 11. 2016) from Freddie Mac's Primary Mortgage Market Survey shows 30-year-fixed mortgage rates hitting 3.65%, near the 2015 low of 3.59%. Experts expect the rate to continue south, but whether we approach the 2012 historical lows (3.3%) is to be seen. 
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The lower cost of financing homes along with an improving labor market will offset home price increases expected this spring. Assuming global instability doesn't turn for the worse, I expect a robust spring in the Manhattan and Brooklyn apartment sales, especially in the $1M-5M market. 

 The best way to shop for a mortgage loan is via a mortgage banker. Please 
contact me if you need a referral.

Related market outlook reports from Freddie Mac:
  • Mortgage Rates Down Again, Hovering Just Above 2015 Lows (Feb 11, 2016)
  • Lower-Than-Expected Mortgage Rates Offer Refinance Opportunity (Feb 4, 2016)
Categories: Mortgages
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Laura Matiz

Licensed Associate Real Estate Broker
575 Madison Avenue
New York City, NY 10022
Email: lmatiz@elliman.com
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  • Home
  • About
    • Bios
  • Blog
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    • Laura's Listings (external)
    • Find Properties (external)
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