The Wall Street Journal reported today that 15-year mortgage rates fell further to average 2.97% with lowest fees circling 0.7% of the loan amount. These numbers are significant having fallen below 3% since Freddie Mac started tracking it.
Don't forget the 30-year rate fell last week to an average 3.75%.
Ask yourself if this is the time to buy—"Home much better can it get?" TF
Friday, June 1, 2012
Chicken Little was wrong!
It's not the sky that is falling, it's the mortgage interest rates!
Mortgage Rates Hit Century Low to 3.78% since long-term mortgages began in the 1950s.
The key is an individual's credit rating. It determines the rate.
Also, consider that activity is boosted by changing
market conditions, too. For example, publicity about the Phoenix metro
area has boosted interest from out-of-staters.
Stay tuned . . . TF
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