For the fourth week in a row, mortgage rates continue to fall, providing relief for homebuyers looking to buy their dream home. According to data released by Freddie Mac, the average 30-year fixed-rate mortgage dropped from 6.32% to 6.28% in the week ending April 6. This is great news for potential buyers who have been struggling with rising rates since the end of 2022, when rates hit a high of 7.08%.
However, with mortgage rates continuing to fall and home prices softening, there is a welcomed development for buyers. This week's rate also creates an opportunity for potential buyers to dive in while rates are slightly lower. Pent-up housing demand is evident with every gain in affordability, whether it be softening prices or lower mortgage rates.
At 14 Days To Close, we believe that homebuyers should take full advantage of the current market by connecting with us to maximize their savings. While the monthly payments between 6.28% and 6.32% might be negligible, our team can negotiate maximum seller-paid credits outside of your mortgage rate to ensure that you get the best deal possible. Seriously - we've been saving buyers thousands up front!
Don't miss out on the opportunity to find your dream home in this favorable market. Contact us today to get started.