washington business journal: Hey, Chicken Little!! The sky isn't falling, but mortgage rates sure have!!
- 05/01/09 09:32 AM
Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4.78% and holding. The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal. For home buyers (who typically move every 5-7 years), this means that on a home priced at $200,000, this rate will drop their payment by $212 a month, or a savings of $2,500 a year! That's a good chunk of change- when you figure that over 5 years,it's over $10,000!! If you are thinking … (0 comments)
Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4.78% and holding. The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal. For home buyers (who typically move every 5-7 years), this means that on a home priced at $200,000, this rate will drop their payment by $212 a month, or a savings of $2,500 a year! That's a good chunk of change- when you figure that over 5 years,it's over $10,000!! If you are thinking … (0 comments)
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