According to Freddie Mac, in an article posted August 1, 2024, Mortgage Rates have gone down.

This might be a reason to consider purchasing a home now.

“Mortgage rates declined to their lowest level since early February. Expectations of a Fed rate cut coupled with signs of cooling inflation bode well for the market, but apprehension in consumer confidence may prevent an immediate uptick as affordability challenges remain top of mind. Despite this, a recent moderation in home price growth and increases in housing inventory are a welcoming sign for potential homebuyers.”

We don’t quote mortgage rates in this blog. However, if you are interested, you can call our office to discuss it.

If you are purchasing a home or looking for a new mortgage, call Ruth. Ruth Schoenherr is a mortgage broker who will help you find home loans in the Clearwater and Tampa Bay area, and serving all of Florida. For more information, go to her web site at www.ClearwaterMortgageBroker.net or call at 727 447-2418.

Ruth Schoenherr NMLS Florida Mortgage Lender License 336647

Innovative Mortgage NMLS 250769