Rate Update: Mortgage Rates Take a Dive Below 7%!

Rate Update: Mortgage Rates Take a Dive Below 7%!

Exciting news in the housing scene! Mortgage rates have taken a delightful plunge, slipping below that 7% mark—a sweet little surprise before the holidays!

Freddie Mac's recent survey showed the 30-year fixed mortgage rate averaged 6.95% for the week ending December 14. That's down from last week's 7.03%—talk about a trend we're thrilled to see!

This drop in rates isn't just about numbers; it's a big green light for folks eyeing their first homes or thinking about refinancing for a better rate, possibly even a lower payment.

So, what's the takeaway? This rate drop isn't just a blip on the radar—it's a game-changer. It’s lighting up the housing market with possibilities and paving the way for more affordable homeownership!

Begin your home loan process today!

Local Loan

Timely and Accurate


Get started with your Digital Mortgage

No hassle, no obligation

Contact Us