02/10/2020
JANUARY MARKET UPDATE =GREAT NEWS FOR HOME BUYERS AND SELLERS!!!
mortgage rates continue to fall. Freddie Mac said in its weekly survey that average rates on a 30-year fixed mortgage have fallen to 3.45%, the lowest mark in three years. One year ago, the same rate was at 4.41%. The plunge, precipitated by ongoing economic and political uncertainty, has been a boon for the housing market early in 2020 as homeowners rush to refinance or lock in low rates for their home purchases.
January jobs report on Friday that Employment increased by 225,000 jobs in January, beating expectations of 158,000. The unemployment rate in the U.S. is now at 3.5%, among the lowest rates in recent history.
CONTACT ME TODAY IF YOU OR SOMEONE YOU KNOW IS PLANNING ON BUYING OR SELLING NOW OR IN THE NEAR FUTURE!!! Happy Monday...Make it a great week!!!