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Interest Rates February 2018

Friday, February 2, 2018   /   by Shane Anderson

Interest Rates February 2018

With the economy doing better we have notices that the interest rates are slowly on the rise. As of January 31 2018 here are the rates you can expect when you buy a home. These interest rates can change daily.
  • 30 Year Fixed: 4.375-4.5%
  • FHA/VA 4.0 - 4.25%
  • 15 Year Fixed 3.625 - 3.75%
  • 5 Year Arms 3.0 - 3.5% Depending on the lending

     With that being said now is a good time to buy before the interest rates go any higher. I have a chart to help explain what happens when the interest rates go up.

Interest Rate.PNG
            If you are interested in learning more or want to know what programs are out there that can help just give me a call or shoot me an email. I have lenders on my team that can help answer any questions you may have. To understand more about what has been going on with mortgages you can go to http://www.mortgagenewsdaily.com/consumer_rates/832564.aspx

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