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Mortgage Rates Continue to Fall – More Good News for Santa Fe Real Estate

For the Santa Fe housing market, the news keeps looking positive. Once again mortgage rates have dropped to an all-time low. The average 30-year fixed rate mortgage dropped last week from 3.62% from 3.66%. This has followed a downward trend for the last eleven weeks. The 15-year fixed rate fell as well to 2.89%, down from 2.94%.

Hopefully, these dropping mortgage rates will give another boost to housing markets across the nation. A recent Inman News article reports that the housing slump has definitely bottomed out and is on the rise, with increased demand for new construction, easing of lending restrictions, and rising home prices.

Today definitely seems a great time to look for your new home in Santa Fe! Contact me if you are interested in finding out more about buying or selling in any of the great Santa Fe neighborhoods.

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