Since 2006, we have seen quite a downhill ride for mortgage rates. What will the future bring? No one can be sure – but what we do know is that it’s a great time to lock in a rate on a new home or refinance a large asset you may have a current loan on. Assets such as a lake house, condo, rental units, cars, motorcycle, or a boat.
Graph for last 6 years – 5/1 ARM rates