The average rate for a 30-year fixed mortgage in the United States fell to 4.23 percent last week, an almost three-month low. The drop in borrowing costs means some buyers will purchase a home sooner than they had planned.
February 12, 2014 at 11:00 AM
1 minute read
Ashley Underwood is taking advantage of the unexpected drop in mortgage rates by rushing to buy her first home before they go up again.
“I’m ready to cancel plans at a moment’s notice to go look at a house,” said Underwood, 27, who lives in Indianapolis. “I didn’t expect to see rates falling again, and I want to lock in something before I lose out.”
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