Local Cincinnati mortgage rates are rising while the rest of the nation’s rates are falling, according to Cincinnati.com. At the end of July the average rate for 30-year fixed loans was 4.54 percent nationally while in Cincinnati the average 30-year rate was 4.76 percent.
The article give no clear reason for the difference in rates, aside from the fact that rates change on a daily basis – even a hourly basis because of a number of market pressures and activities. The most important thing in getting a loan is making sure that you have found a mortgage lender who you trust. I have listed a few lenders in my Cincinnati Mortgage Resources page if you are looking for brokers to contact.
At The Alison Moss Group, Cincinnati is more than a city to us–it’s our hometown. Since launching in 2008, our clients have depended upon us to lead them through the home buying and selling journey. We are the go-to resource for all of your needs before, during and after the sale of your home.