That Right Folks, 30 Year fixed rates are still in the 4 percent range. Its true that not everyone can qualify for these rates, but if you are waiting to refinance or buy a home, wait no longer. The Federal Government has extended the First Time Home Buyer Credit until April and now a non first time home buyer (repeat buyer) can get a credit of up to $6500 until April as well (you just have to close by June of this year). Just as these programs are limited, rates are not going to stay this low forever. The Fed is scheduled to stop buying mortgage backed securities (the major thing that is keeping rates at an all time low) in a couple months. So if you are undecided, now is a great time to buy or even refinance. I even still have rates available in the 3 percent range.
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