Mortgage rates recently hit another record low. Rates this November have continued to hover at historical prices. This week’s mortgage rates fell even more below the 3 percent mark.
The average 30-year fixed-rate mortgage dipped to 2.96 percent from 2.99 percent and the 15-year fixed averaged around 2.40%. Adjustable rates fell to an average of 2.89 from 2.93. Jumbos are hovering around 3.4%.
Investing in real estate offers excellent mortgage opportunities. First time buyers also have some great lending programs.
Is it time to take advantage of real estate and lending possibilities