Manhattan real estate agent Wei Min Tan provides a 2-minute overview on the historical trend of the 30 year fixed mortgage rate, and how it affects the Manhattan property sales volume.
The latest data shows that the 30 year fixed mortgage rate from the third week of January 2022 was at 3.56 percent. Rates have been going up because of inflation. This is one reason why investors are coming into the market, to take advantage of still historically low rates because the 30-year fixed mortgage is a great product.
Read full article here: Rising 30 year mortgage rate driving Manhattan property sales volume
The latest data shows that the 30 year fixed mortgage rate from the third week of January 2022 was at 3.56 percent. Rates have been going up because of inflation. This is one reason why investors are coming into the market, to take advantage of still historically low rates because the 30-year fixed mortgage is a great product.
Read full article here: Rising 30 year mortgage rate driving Manhattan property sales volume
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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