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Mike Barefoot

Senior Mortgage Officer
Movement Mortgage
NMLS ID # 264897

Market Update

Artist Drawing At Home In Company Of Her Poodle Dog

January 24, 2020

Low rates could push home prices higher

Mortgage rates dropped below 4% on average in May of 2019 and they haven’t gone above 3.99% since! This week the average is 3.6% for a 30-year fixed-rate mortgage, but it isn’t entirely great news. These low rates could push home prices up faster than consumers would want.

mike barefoot headshot
Mike Barefoot
Senior Mortgage Officer
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575 Lynnhaven Pkwy, Ste 101, Virginia Beach, VA 23452
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NMLS # 264897

State License #NC-I-186815, VA-MLO-2967VA