Mortgage rates hold steady but are trending higher

Mortgage rates barely budged this week as the impact of the recent hurricanes began weighing on the economy.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average bumped up to 3.85 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.83 percent a week ago and 3.42 percent a year ago.

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3 Months, 3 Housing Trends: Mortgage Rates, Home Sales and Hurricanes

For home buyers, home sellers, refinancers and fixer-uppers, the end of 2017 could get a little weird. In housing, the fourth quarter tends to be predictable —  but not this year. Here are three housing and mortgage trends to watch for in the fourth quarter of 2017:


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The Easterbrook Team is your home loan lender source.  Contact us today to discuss refinancing or purchasing a home. 

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916.850.6050