Mortgage rates reverse course, moving lower for the first time in more than two months

Mortgage rates reverse course, moving lower for the first time in more than two months

Blog 10917Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.32 percent a week ago and 3.97 percent a year ago.

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Meet the team: Amanda Clifford

Meet the team: Amanda Clifford

Amanda CliffordAmanda Clifford was first introduced to real estate law almost a decade ago. An experienced legal assistant with closings, estates and probates, Amanda hit the ground running when she joined the team at Lawyers Land & Titles Services, LLC in 2016.

Amanda oversees the front office, and assists the pre & post closing coordinator in opening files. She loves meeting new people, and helping them in the process of purchasing a new home.

Originally from Fort Myers, FL, Amanda relocated to Manchester, TN in 1997. She is a 2009 graduate of Highland Rim Christian Academy and attended Court Reporting Institute of Dallas. She loves spending time outdoors with her animals and enjoys re-purposing furniture in her spare time.