Mike Sazo Real Estate

How homeownership could be affected

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Mortgage Rates continue to creep up, yet the 30-year is still below 4%. The October 12, 2017 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.91%, up from 3.85% last week. The 15-year fixed was 3.21%, up from 3.15% last week. The 5-year ARM was 3.16%, down slightly from 3.18% last week. What this all mean? It’s still a great time to buy!