Mortgage rates are expected to go down this first quarter of 2016. Although the Federal Reserve raised rates in December, markets continue to reflect reduced rates for 15- and 30-year mortgages, according to CNN Money.
by Kathryn Vasel
CNNMoney (New York)
“This is evidence that the Federal Reserve isn’t the sole determinant of U.S. mortgage rates,” said Mark Hamrick, senior economic analyst at Bankrate.
The 30-year mortgage rate fell to 3.79%, the fourth straight week of declines, according to Freddie Mac. A year ago, the rate averaged 3.66%.
Boost your presence and position in your market for free with a (good) real estate blog
Marketing tool? Absolutely. A good real estate blog gives you the opportunity to promote yourself as a local real estate expert who’s in touch with your community; this creates a level of trust that will make you more appealing to buyers and sellers. A real estate blog will also widen your exposure to a larger audience outside your current sphere of influence. You don’t have to spend hours and hours on this. You could effectively put up several posts in under an hour per week; you can even write from your phone while waiting for your next appointment.