Mortgage Rates Fall Sharply – 30-Year at 3.60% - Discover Suncoast Homes
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Mortgage Rates Fall Sharply – 30-Year at 3.60%

August 17, 2019 / Burns & Bertha

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Mortgage rates fell sharply this week with the 30-year loan at its lowest level since November 2016.

Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing bond interest-rates to record lows.

Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 3.60% from 3.75% last week. A year ago the rate stood at 4.59%.

The average rate for 15-year, fixed-rate home loans tumbled to 3.05% from 3.20%.

For more information click HERE.

Burns & Bertha – Changing Lives – Red Line Investors – © 2019
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Burns & Bertha

Burns & Bertha

Ed Bertha relocated to Sarasota from Pittsburgh, PA in 1982 and has a deep understanding of the market’s idiosyncrasies and dynamics. Kim Burns moved to Sarasota from Philadelphia, PA in 2015 and her holistic approach to occupational therapy from her practice up north incorporates a low-stress atmosphere to the real estate process. Since founding Burns & Bertha Kim has departed to focus on her occupational therapy practice, but her methodologies are still used daily. 

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