Mortgage rates have remained in historically low range

While home prices continue to rise, mortgage rates remain in a historically low range.

According to Bankrate reports, the Federal Open Market Committee expect to see rate hikes later in the year. The Federal Government is anticipating that the economy will gain further strength in the months ahead. With both corporate and consumer confidence at high levels, recent data supports predictions of strong economic performance rounding out the first half of the year.

Despite mortgage rates being in a constant state of flux, they remain much lower overall than in recent years. According to Bankrate’s weekly national survey, the benchmark 30-year fixed mortgage rate inching lower to 4.18 percent last week, down from 4.19 percent the week before. If you are in the market for a home refinance, now might be the time to lock in a low rate. Travis Credit Union can help. Our knowledgeable mortgage loan consultants can discuss the right home loan option for your financial situation.

At Travis Credit Union, we offer No Point, No Fee options that can help you save on your home loan. Are you ready to see if you qualify for a home refinance? Stop by a branch or call our knowledgeable home loan consultants at (800) 787-9908 during normal business hours to start your refi application today!

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