Mortgage rates have been pretty steady the past few months, but recently since the market being so volatile, money was moving from stocks to bonds. The effects of that was the 10 year Treasury bonds dipped below 3% as low as 2.95%. Which has a direct effect on our mortgage rates, now the 30 years mortgage rates dropped to 4.25%, all time low. I have been in the business going on 23 years and i have never seen rates this low. Now, qualifying for these rates is another thing or getting these rates would require for the homeowners to be in a certain credit status and debt to income ratio to qualify.
Here are what is typically a qualified customer for these low rates:
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