Question by : What are the current mortgage rates like and are there any signs of the mortgage rates changing soon?
I’m looking to get the best current mortgage rates available because me and my wife are looking for our first home purchase. Can anyone point me in the right direction?
Answer by real estate guy
rates are low now because the gvpt is doing everything they can to keep them low. Notice that I said KEEP, not to lower them.
Rates should be higher and will go higher. Banks want them high. This is one way they earn money. Refins are driving rates.
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