Average Rates for 30 Year Mortgage too High?

Having the opinion on the average rating on a 30 year fixed mortgage is usually judged off where the person actually stands of being financially settled with their lives. For some it will be a little too high and for others it will actually be something that they could work with.  The average rate of this year stays the same at 3.87 percent, which is the record of being the lowest level since long-term mortgages since the 1950s.

 Merrill Magruder, a Project Coordinator of The University of Mississippi and also the housing placement director for The Luckyday Residential College. Dealing with actually housing of the campus of a college, Magruder also places her opinions on the average rates of mortgage.  

Picture of Magruder working at her desk.

"I think the average rate is too high. I think it would be a good move if they were able to lower it for the people it can not afford it," Macgruder stated.

 Even though Magruder feels it is too high, she finds is reasonable and feels that we will just have to deal with it until something is to make a change.  Having hope on whether or not the average rates to get better is questionable for us to know. Magruder thinks it is a good change for it to happen.

 "I feel it will get better, because we have seen tremendous change in our economy lately, and anything is possible of happening," Magruder stated.

 Even though the rates have lowered, the change has done nothing to make change on the housing market in order to rising up from the struggle that is it currently in.  Seeing that it still being this rate, the question is, will there be some to still buy houses? 

"I feel people will still will make the decision of buying houses, because people like to own t things, whether the rate is high or low in the economy," Magruder stated.

 Dealing with these type of rates are risky for some people to make a decision on with their time.  They think about the long run and the happenings of their decision that they have made. The thought of the their money falling in the price is something that is a big move.  Dealing with housing.  "It is similar to the way people react to the way they have to deal with housing on campus for their children to live," Magruder states. It can all be something to deal with.