Tag Archives: Federal Reserve and real estate

Mortgage Rates Up But Still Affordable! (Chart)

Are homes still affordable?

In mid-October 2016 the average 30-year fixed mortgage rate was 3.64% and a 15-year fixed at 2.93%! Now, post-presidential election and based on the fixed income markets belief that the economy is going to improve thus spurring further rate increases by the Federal Reserve, 30-year fixed rate mortgages are on average 4.31% and 15-year fixed […]