It’s been verified, folks. For the eighth straight week, fixed mortgage rates have slid under 4%. This is wonderful news.
The 30-year fixed [rate] fell steadily last week before settling at the current rate.
“Rates eased last week on Europe’s weak economic data and the unexpected rate cut from China’s central bank,” said Erin Lantz, vice president [at Zillow]. “Looking ahead, with several important U.S. data reports scheduled for release, we expect modest volatility in this holiday-shortened week.””
Don’t you just love finishing up your Thanksgiving with some deep sighs of relief? For more information on this awesome announcement, check out Lauren Braun’s article here: