Mortgage rates drive to another new low

Real Estate Agent with RE/MAX Preferred, Madison, Wisconsin

According to the latest Freddie Mac weekly mortgage market survey, mortgage rates have dropped to record lows once again. As of July 29th, the average commitment rate for a 30 year fixed rate loan was 4.54%. The rate for a 15 year fixed rate loan was 4%. Here's the trend over the last 20 weeks.

weekly mortgage rates

With a new buyer's market and record low rates, today's buyers are getting better deals than those who participated in the home buyer tax credit several weeks ago.

Have a great weekend,

Dan Miller, Realtor, Keller Williams Realty and


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Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

Great time to pick up the phone, dash off an e-mail and let folks know...these are the good times..the best time to buy !

Aug 01, 2010 07:16 AM #1
Michele Miller ~ REALTOR®, LMC, HSE, CHS
Keller Williams Greater Worcester - Worcester, MA
"Your Full Service Professionals"

Let's hope this continues Dan! There's no better time to buy or refinance!

Aug 01, 2010 07:21 AM #2
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

HI Randy, more good news for home buyers, now if they will buy!

Aug 01, 2010 07:49 AM #3
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Dan Miller

Helping you Buy and Sell in Madison, Wisconsin
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