interest rates wichita economic update: Wichita, KS economic update.... - 12/05/09 10:15 AM
Freddie Mac, one of the largest buyers of home loans, said that the average 30 year fixed rate loan fell to the lowest rate, 4.71%, since they have kept records starting in 1971.  Quotes today in Wichita were 4.875 to 5% for 30 year, fixed rate loans.
The unemployment #'s for last week were the best in 2 years.  New claims were only 11,000 compared to 721,000 last January.  Over time worked and take home pay was also up.  Rates normally will rise a bit if these factors continue for a couple of months.
1st time buyers have until … (2 comments)

Wayne Short (RE/MAX Grand Lake) Rainmaker large

Wayne Short

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