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Cincinnati Mortgage Interest Rates Update – February 2016

February 11, 2016 by Eric Lowry

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Cincinnati Mortgage Interest Rates Update - February 2016What are current mortgage interest rates in Cincinnati? 

This week the average 30-year fixed rate conventional mortgage fell from 3.72% to 3.65% which is its lowest point in the last 10 months. The average on a 15-year fixed rate also slid to 2.95%.

The interest rate on an FHA loan currently sits at 3.38%. A VA loan interest rate right now is 3.5%.

These are historically low interest rates, and are not expected to last. The accompanying chart shows the experts’ mortgage rate projects for the next 4 quarters. It’s pretty much unanimous that interest rates are going to start climbing. A 0.5% increase may not seem like much, Cincinnati Mortgage Interest Rates Update - February 2016but it will significantly affect the amount of home you can afford to buy.

Bottom Line: It’s important to stay up to date on interest rates and market trends so that you can made educated decisions on when the time is right for your family to buy a home.

If you’d like more information on current market statistics or Cincinnati mortgage interest rates, get in touch with us at The Lowry Team by calling or texting 513-368-3751.

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Filed Under: Buyers, Eric Lowry's Articles, Market Update Tagged With: Beckett Ridge Homes For Sale, Cincinnati interest rates, Cincinnati mortgage interest rates, Cincinnati Mortgage Interest Rates Update - February 2016, Eric Lowry, Keller Williams Realty West Chester, Liberty Township Ohio Homes For Sale, Mason Ohio Homes For Sale, Mortgage Interest Rates Update - February 2016, The Lowry Team, Top Cincinnati Real Estate Agents, West Chester Ohio Homes For Sale, West Chester Ohio Real Estate, What are interest rates in Cincinnati?

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