The latest Freddie Mac rates are in, and another drop has been seen from last week.
The 30-year fixed rate dropped from 3.55 to 3.49 percent, and the 15-year rate, the rate most often
used by investors, dropped from 2.85 percent to 2.77 percent.
What does it all mean? Well, Fall is a time when we historically see a drop in home buying. Add to that
the fact that we are still recovering from the recession and investors and home buyers are still cautious.
This rate drop can be seen as an attempt to once again boost sales and keep the market moving in a
positive direction.
For all of your Seattle real estate needs, turn to Roger J Turner, your Seattle real estate expert.
