Home Mortgage Rates Just Hit a 1-Year Low!

30-year home mortgage rates have dipped to 3.86 percent, which is its lowest level since last November.  According to AP, “concern over a slowdown in inflation has recently pushed bond prices higher — and some bond yields sharply lower.

Record-low interest rates have helped spur home buying and boosted the housing market. Yet despite low mortgage rates luring prospective home buyers, the housing market has remained hampered by tight mortgage credit, rising home prices and thin supply of homes on the market.”

For more information on the mortgage market you can read the full article here.

Home Mortgage Rates Chart