30-Year Fixed Mortgage Interest Rate Below 4%


For the first time since the 2017 Presidential election, the 30-year mortgage interest rates have fallen below 4% and are now sitting at 3.97% as of April 20th, 2017. Just last week, the mortgage interest rates averaged at 4.08%. Last year, the average in the month of April was 3.59%. Low interest rates means that we are likely to see a very active housing market in Orange County for the next couple of months.

Source: Caroline Feeney, Inman News