Inman News reports today that Freddie Mac has reported interest rates are at their lowest levels since July of 2005.
30-year fixed are down from 5.87% last week to 5.69% this week. 15-year fixed rate from 5.43% to 5.21%.
I am sure that tis doesn't do much to help the value of the dollar, but consumer confidence needs a jump start in the housing market. I personally don't think that this is the bottom. Buyers need to grab the rates now, because rates will not stay low for long in this Realtor's opinion.
So buy Now!
The Resident Mark
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