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mortgage rates: Can I look smart by buying now? - 03/31/09 06:03 PM
Yes, you can. Rates on 30-year mortgages fell recently to the lowest level on record after the Federal Reserve launched a new effort to stimulate the struggling U.S. housing market.
Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85% last week, from 4.98% the previous week. This was the lowest in the history of Freddie Mac's survey, which dates back to 1971, and was down a full percentage point from a year ago. These are truly historic times and they present a great opportunity to anyone who is thinking of buying.
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JJ Leininger

Lihue, HI

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Makai Properties LLC

Address: 1941-B Poipu Road, Koloa, HI, 96756

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