Freddie Mac reports that the average 30-year fixed mortgage rate
in October 2010 was 4.23 percent – the lowest rate since the statistics
were first recorded by Freddie Mac in 1971. Ten years ago, the rate was
7.8 percent; 20 years ago, it was 10.17 percent;
30 years ago, it was 13.79 percent. “The time to buy is now.”
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