Historically Low Rates Continue To Increase

Mortgage rates slowly continue to creep up but that’s not discouraging borrowers from purchasing homes. In fact, due to historically low mortgage rates, home sales are increasing at a pace we haven’t seen since 2008.

According to data, the 30-year fixed- rate mortgage increased to 3.48% from last week’s 3.45%, and the 15-year fixed- rate mortgage increased to 2.78% from last week’s 2.75%. The adjustable rate mortgage remained the same at 2.78%.

Even with the slight increase, mortgage rates remain low and now is still an optimal time to purchase or refinance a home. Speak with a professional adviser and check out our page at www.amerisave.com to view today’s rates and get your mortgage quote in minutes.

Check out our post: Refinance applications drop as purchase applications rise