Ever feel like locking in a mortgage rate is like taking a trip to the casino? I can definitely relate. This is exactly how I felt when we were building our home. You can't help but think maybe if you wait a day the rates will be lower but what if the rates go up (dang it)? It's tough to know but the best thing I can do to help reduce the stress is to keep you
updated on which direction mortgage rates are trending.
The average interest rate for 30-year fixed loans fell back in May after rising in March and April.
- Conventional = 4.106%
- FHA = 3.942%
- VA = 3.841%
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