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Time for Good News – Happy Events in the World of Mortgages – Rate Zip

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While interest rates hit a seven-year high in November 2018, fortunately the average rate on a 30-year mortgage has decreased again – down to 3.93% as of July 2019. That’s a big relief if you’re a home buyer. With home prices still increasing and some homeowner-friendly tax deductions disappearing under the new tax rules, it’s never been more important to find the best mortgage rates.

Time for Good News – Happy Events in the World of Mortgages Written by Kathleen Heck on March 11, 2019 Time for Good News. I feel very strongly that it is definitely time for good news. Isn’t it always? Today, we’re focused on what, to some, may not be a natural — good news related to mortgages!

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According to Freddie Mac, this is the first time since the start of 2014 that all mortgage rates have increased simultaneously, since usually at least one or two of the mortgage rates have remained the same, or decreased, as the other rates have gone up. 30-year fixed-rate mortgages increased this week reaching 4.33% compared to 4.28% last week.

Now is the time for the best fixed rate mortgage deals Did you know there is a mortgage sale on at the moment? It’s not an official ‘sale’ sale. But lenders are reducing rates, offering limited edition deals, free gifts and other inducements to be as competitive with one another as possible.

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