GOOD NEWS FOR BUYERS: MORTGAGE RATES REMAIN NEAR HISTORICAL LOWS

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While Freddie Mac’s latest Primary Mortgage Market Survey had the 30-year mortgage interest rate below 4% again, borrowers on Zillow were quoted interest rates well below that.

In fact, according to Zillow’s latest report on the interest rates borrowers are quoted on its mortgage marketplace, mortgage interest rates are actually lower now than they were before the Federal Open Market Committee announced in December that it is increasing the federal funds rate for the first time since June 2006.

Zillow’s latest report shows that the interest rate on the 30-year, fixed-rate mortgage fell in the week that ended Tuesday.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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