Real Estate – Lowest Rates Since Summer
Interest rates have hit a 4 month low. With the government shut down, and economic data disappointing investors, the rates checked back to provide some stability. Today’s Rates:
30 Year Fixed – 4.250%
15 Year Fixed – 3.375%
5/1 Adj. Rate – 2.875%
There is no crystal ball to tell us where rates will trend – but I suspect the pattern of 1.5 steps up, 1 step down to continue.