The steadiness of the recent mortgage rates indicates that if you’re thinking of buying, now may be a good time for you to do so since your payments will be reasonable.  It also indicates that it may be a great time for you to sell since mortgages are so affordable for your prospective buyers.

On Thursday, September 29, 2017, Freddie Mac released it PMMS (Primary Mortgage Market Survey) revealing that both 15 and 30 year fixed mortgage rates remained unchanged from the week before.

Comparing current 2017 rates to the same time in 2016 shows that though rates have gone up, they still provide strong opportunities.

  • 30 year fixed rate mortgage averaged 3.83% this week vs 3.42% in 2016.
  • 15 year fixed rate mortgage averaged 3.13% this week vs 2.72% in 2016.

Only you can decide which option (30 year v 15 year) is best for you. Review your personal situation, work your numbers (either yourself or if you feel unsure with your banker or mortgage broker) and then confidently step forward into a new chapter of your journey!