The 30-year FRM inched a mere .01 percentage points higher this week to wind up at 3.65%, while the 15-year version fell .02 percentage points to 3.14%. U.S. long-term rates on mortgages held steady this week, supplying a potential boon to home-buyers amid an uncertain economic outlook.
Long-Term Rates On Mortgages Hold Steady
Mortgage rates are actually running near historic lows, though average rates for the key 30-year loan showed volatile swings last month.
Mortgage buyer Freddie Mac says the typical rate on the 30-year, fixed-rate mortgage edged up to 3.65% from 3.64% last week. In comparison, the average rate stood at 4.71% a year ago.
The average rate for 15-year, fixed-rate home loans slipped this week to 3.14% from 3.16% last week.
So with that said, you can see why now is an unbelievable time to purchase your new home. As mortgage rates remain low, it allows you to be qualified for a higher amount. Every time the interest rates changes it will effect your purchasing power. If rates go up, your purchase amount will go down and if rates go down your purchase amount will go up. Hope that makes sense.
Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simplyย click here and we will be in touch with you shortly.
Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.
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Lot Size8,277 sqft
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Home Size2,537 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2025
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Days on Market0
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Lot Size1,743 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1994
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Days on Market0
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Beds3 Beds
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Baths2 Baths
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Year Built1985
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Days on Market0
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Lot Size5,228 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built2016
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Days on Market0
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Lot Size22,652 sqft
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Home Size3,748 sqft
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Beds4 Beds
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Baths5 Baths
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Year Built1993
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Days on Market0
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Beds3 Beds
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Baths4 Baths
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Year Built2019
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Days on Market0
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Beds4 Beds
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Baths3 Baths
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Year Built2024
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Days on Market0
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Home Size3,975 sqft
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Beds5 Beds
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Baths5 Baths
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Year Built2025
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Days on Market0
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Home Size2,601 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built2024
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Days on Market0
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Home Size2,063 sqft
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Beds3 Beds
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Baths2 Baths
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Days on Market0
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