ABBA First Mortgage News

Who likes low rates? We do! We do!

Although rates shown here are national averages, please check the rates page for ABBA First and find out how you can save money with a lower rate jst by looking. Or better yet, call us at 910-332-0650 and talk to one of our loan advisors who will treat you with the service that you deserve and the rates that you didn’t expect!

For the week ending February 7, Freddie Mac announced that 30-year fixed rates moved down to 4.41% from 4.46% the week before. The average for 15-year loans also fell to 3.84% and the average for five-year adjustables decreased to 3.91%. A year ago, 30-year fixed rates averaged 4.32%, very close to rates today. “The U.S. economy remains on solid ground, inflation is contained and the threat of higher short-term rates is fading from view, which has allowed rates on home loans to drift down to their lowest level in 10 months. This is great news for consumers who will be looking for homes during the upcoming spring homebuying season. Rates are essentially similar to a year ago, but today‚Äôs buyers have a larger selection of homes and more consumer bargaining power than they did the last few years,” said Sam Khater, Chief Economist, Freddie Mac.

ABBA First Mortgage looks forward to working with you and for you.

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

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