Thursday, July 29, 2010

Mortgage Rates Hit Another New Low

Oops!  I did it again...or rather, the Feds, that is.  Yep, once again, mortgage rates have hit an all time low since the tracking of rates began in 1971.  According to Freddie Mac, the national average rate for a 30 year fixed loan is now at 4.54%...down from 4.56% from the week before.  The only other time we have seen rates this low or lower was back in the 1950s...back when mortgage loans were for only 20 or 25 years.

And for those interested in the 15 year fixed, you can celebrate a drop there too.  Those are now at a surprising 4%...the lowest ever on record!

So for those of you looking to buy, mortgage rates haven't been this attractive in years.  Give us a call to help get you started!  Contact Pickett Property Group when you are ready to buy or sell your next home.  We're bringing positive customer experiences back to Real Estate!

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