According to the latest Freddie Mac weekly mortgage market survey, rates have dropped to their lowest levels on record. Here's the trend over the last 20 weeks.
For anyone that's been thinking of locking in, now is the time :).
Have a great weekend,
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
Wow...yet our home buyers are much more impressed with a $5000 price reduction than a .5% lower interest rate. Does anyone have handy the quick "Show Me Analysis" of exactly what the 30-year savings are when you buy at the lower interest rate? Someone must've already put together that compelling little slideshow, yes?
The rates are so incredily low... buyers can now afford much more home for the same payment they would have paid before for a lesser home. Just one more reason to stop waiting, and purchase now.
Thanks for sharing. It is a wonderful time for buyers to take advantage of the very low mortgage interest rates.
Blooming for home buyers this summer.
Comments(6)