mortgage rates: Mortgage Rates Reach Record Low!
- 09/24/12 03:06 AM
With the Federal Reserve’s announcement to invest in home loans last week, mortgage rates across the nation fell sharply, reaching some of the lowest levels ever seen and bringing in a new wave of opportunity for those currently looking at homes.According to Freddie Mac’s survey of mortgage rates last week, both 30-year and 15-year fixed-rate mortgages saw decreases. The 30-year rate fell from 3.55 percent to 3.49 percent, and the 15-year rate went from 2.85 percent to 2.77 percent.With a fresh influx of Reserve money, to the tune of $40 billion every month, being put into mortgage-backed securities, it is expected (0 comments)
RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.