Fannie/Freddie downgraded this week, stock market tumbled, and the Fed’s promise to keep interest rates low until 2013, many have been left wondering what the impact will be on the housing market and, more specifically, how mortgage rates will change. As it turns out, stats shows that today’s 30-year fixed mortgage rate has taken a fall from Tuesday’s 9-month low of 4.14 percent to a new all-time low of 3.92 percent. This rate represents the first time the rate has dropped below 4 percent as well as the lowest rate recorded since April 2008. Prior to today, the lowest rate recorded was 4.07 percent on Nov. 9, 2010.

Happy Trails to you . . . until we meet again, ♫


Patti Lyles - the REAL Performer
Century 21 Showcase, REALTORS ®
831-335-2100
Patti@PattiLyles.com
http://www.SantaCruzCountyShortSales.com
 

1 Comments on Mortgage Rate New All-Time Low 30-Year Fixed Falls Below 4 Percent

AUG
11
2011
655,774 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I am working with a couple that were excited to find out yesterday they qualify for a rate below 4%......we are going shopping this afternoon!
1:02pm • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention: