Mortgage Rates Still In The 3's

Mortgage Rates Still In The 3's | by Jim Catalano

Yes, mortgage rates are still very attractive as 2015 is coming to a close. Mortgage rates as I have written here over the past year have defied the predictions of most “experts” including my own at times.

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS), 30-year mortgage rates declined 2 basis points (0.02%) last week, making the average home mortgage rate 3.95 percent nationwide.

This puts the 30-year mortgage rate below 4 percent for the 18th consecutive week. Many market analysts assumed we would be at 5.0 percent going into the homestretch of 2015.

This is good news for DFW area home buyers but also now benefits many thousands of Dallas-Fort Worth area homeowners who are now “in the money” to refinance.

To be “in the money”, your mortgage rate must be more than 150 basis points (1.5%) above today’s rates; and, you must have a loan balance of approximately $70,000 and have more than 10 years remaining on your loan.

So if your mortgage interest rate is at least 5.375 percent you should take advantage of my Complimentary Mortgage Plan right now. My plan will help you make an informed decision regarding refinancing and more than likely help you save thousands of dollars over the life of your loan.

While mortgage rates have remained low, they may not last to the end of the year or for that matter a day or a week. The economy, politics, and terrorism are just a few of the things that keep this market quite volatile. If you’re in the market to purchase a home, you have excellent purchasing power at today’s rates. If you are refinancing, you can save more cash. I am here to help you, call me today at 214-770-1499 or complete the online form below:


Let me help you accomplish your mortgage financing goals.

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