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interest rate: Interest rates are at the lowest point since the 1940s. Jump off the fence and buy your dream home. - 10/13/11 10:32 AM
The big news last week is the extraordinarily low mortgage interest rates. And this time, the rates really are historic, the lowest since the 1940s. Combined with lower housing stock prices, this really is the best time ever to end your career as a house hunting fence sitter.
According to the latest word from Freddie Mac, the Primary Mortgage Market Survey shows the traditional 30-year fixed-rate mortgage averaging 3.94%. A year ago the average interest rate was 4.27%. A 15-year fixed-rate mortgage came in at an average of 3.26%. Last year, the rate was 3.72%.
Some potential buyers are still waiting … (1 comments)

 
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Grant Hickman, Saint Charles Real Estate Pro

Saint Charles, MO

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