- 30-year fixed-rate is at 4.61% for the week ending Dec. 9, up from 4.46% last week.
- current rate is almost level with one year ago rate of 4.81%.
The increase in Treasury yields also coincided with President Obama’s announcement extending the Bush-era tax cuts for high-income taxpayers for two more years in exchange for extending federal unemployment insurance for the long-term jobless and payroll tax cuts for one year.
Taken together, those moves are expected to increase the government’s deficit spending.
Don’t hesitate, today’s rates are at an all time low. I know you’ve heard it all before, blah blah blah. Seriously though, take advantage of it! We may not see these rates again.
New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!