The downward trend in mortgage interest rates that we saw at the end of 2014 has continued in 2015. Rates continue to creep lower and lower. Global market factors like the drop in oil prices have, in a roundabout way, helped add downward pressure on mortgage interest rates. As a result, we are currently seeing the lowest mortgage rates in nearly two years. If this downward trend continues we could soon match the lows we saw in late 2012 and early 2013.
Of course there is no telling how long these low rates will persist. Contact us in the sidebar today to get an estimate on a government-backed refinance. Reducing your mortgage interest rate could lead to significant savings. Or if you are looking into purchasing a home, contact us on our home purchase page right away.