Jeff Li - Smart Move Real Estate
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Jeff is an Arizona native specializing in helping others buy, sell, and invest in real estate. Jeff currently resides in Arcadia with his wife and daughter.
On Wednesday, January 19th, 2022, the average APR on a 30-year fixed-rate mortgage rose 3 basis points to 3.642%. The average APR on a 15-year fixed-rate mortgage rose 6 basis points to 2.840% and the average APR for a 5/1 adjustable-rate mortgage (ARM) rose 4 basis points to 2.992%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 20 basis points higher than one week ago and 63 basis points higher than one year ago. A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.
If you are looking to sell or buy a home, now is the time before mortgage rates work against you.
Please contact me if you have any questions.
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Phoenix, AZ
