Although mortgage loans in America have been high in recent times, the rates of these loans will fall close to experts.

The 30-year fixed-rate mortgage averaged 4.35% in the February 28 week, mortgage guarantor Freddie Mac said Thursday. This figure has not changed over the previous week and has reached its lowest level.


The 15-year adjustable interest rate mortgage rate was 3.77 percent, falling from a base point. The 5-year adjustable interest rate mortgage remained the same at 3.84 percent.

Low mortgage rates help the housing market to develop. According to the information given by the Mortgage bankers’ association, mortgage applications for both purchases and refinancing have increased over the last week. At the moment, the US Congress is considering the laws that will benefit Vietnam’s veterans by increasing their security fees for new mortgages.

At present, there are different problems about housing sales in the US. The National Association of Home Builders on Wednesday commended Democratic Senator Mike Thompson “for raising concerns… that tariffs on Chinese goods represent a $1 billion tax on housing and harm housing affordability.”

On the other hand, New Jersey Democrats say they want to bring back the 2017 tax laws to remove local taxes.

Source: realtor.com

Sevdenur Demir / sevdenurdemir@realestatecoulisse.com