Low Interest Rates Make the Market Great for Buyers
If you are in the market to buy a home, now might be the best time to do it with interest rates so low!
This article is from Realtor Magazine.
Daily Real Estate News | September 3, 2010 | // <
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Mortgage Rates Fall Yet Again
Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.
Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.
Source: Chicago Sun-Times (09/03/10) © Copyright 2010 Information Inc.
