Here is some great news for folks thinking about the best time to jump into the housing market. While in many parts of Albuquerque, Rio Rancho and Bernalillo home prices are beginning to rise, fixed mortgage rates are again experiencing record lows. The 30-year fixed averaged 3.75 percent setting a new all-time record low. The 15-year fixed averaged 2.97. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.84 percent. 1-year Treasury-indexed ARM averaged 2.75 percent.
If you have been thinking about getting preapproved to buy a home in Albuquerque I can give you a list of top local lenders to get the process started.
Contact: 505-980-7788
Jim Gross -- Keller Williams Realty, Albuquerque NM
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