We Still Have Amazingly Low Rates

Everyone is concerned about rising mortgage rates, but I want to remind you that today’s mortgage rates today are still lower than anytime before Covid. Before Covid I remember the lowest rates I saw on conventional loans was 3.50% and currently they are at 3.25%, I remember a few years ago when VA rates dropped to 3.25% and I was telling my clients this is FREE money. Currently VA rates are bouncing around 2.75% to 2.875%.

So, we need to remind our clients of these facts. And we may not see rates in the low to mid 2’s ever again, unless Dr. Lacy Hunt is correct.