This week interest rates once again fell below 5%. The average 30-year fixed rate was at 4.94%, while the 15-year fixed rate was 4.32%. Economist speculate that the market over reacted too inflation concerns in November and December when interest rates were above 5%.
Garrigus Real Estate - Redlands, CA
REALTOR® / Short Sale Specialist
Christa - With the way interest rates being low for so long, it has lulled home owners into thinking the the rates will stay this low forever- they won't!
Jan 06, 2011 05:26 AM
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