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With the global economy struggling the Fed decided to delay raising its baseline interest rates in September. As a result of that decision and the continuing gloomy news on the economy, mortgage interest rates have been slowly drifting lower again. The Fed seems anxious to raise rates again before the end of 2015 so there is a decent chance that mortgage interest rates will move higher in the next few months. If you have considered a refinance to a better rate, or a cash out refinance, or a refinance to remove or reduce PMI, contact us in the form in the sidebar. Mortgage interest rates are still near historical lows and odds are they won’t stay this low for long.

Comments Off on Mortgage interest rates drifting lower again Posted by G.R.A. Admin on Friday, October 2nd, 2015