Consumers buying a home right now can benefit from mortgage interest rates falling to the lowest levels so far this year. A 30-year, fixed-rate mortgage averaged 3.59 percent while a 15-year, fixed-rate averaged 2.88 last week, according to Freddie Mac.
“This rate marks a new low for 2016 and matches last year’s low in February 2015. Low mortgage rates and a positive employment outlook should support a strong housing market in the second quarter of 2016,” said Freddie Mac Chief Economist Sean Becketti.
In other headlines:
Get Top Dollar When Selling Your Home – National Association of REALTORS® (NAR) President Tom Salomone offers tips for getting your house ready for the spring selling season in a column for NerdWallet.
Buyer Cheat Sheet for a Seller’s Market – NAR Daily Real Estate News