Mortgage Rates Hit Record Lows

Real Estate Agent with Russell & Jeffcoat Real Estate Corp.

Mortgage Rates Hit Record Lows

Freddie Mac, who started surveying mortgage rates in April 1971, states that thirty-year fixed rate mortgages have reached new all-time lows in six out of the last seven weeks. 

 irmo home

According to the survey, interest rates on 30-year fixed-rate mortgages averaged 4.49 percent for the week, down from 5.22 percent a year ago.

The Mortgage Bankers Association said this week that mortgage applications to purchase homes rose last week for a third straight week as rates have dropped.  Someone out there is catching on that this is a once in a lifetime deal.

This beautiful brick home for sale at 35 Palmetto Wood Court in Irmo was just dropped in price by the seller to $189,900.  This marks a steep discount from what it sold for new just a couple of years ago.

35 Palmetto Wood Court     Irmo SC


Terry Edwards     803 920 5327

Russell & Jeffcoat Realtors

 Serving all the great neighborhoods in the Columbia, SC area

Mortgage Rates Hit Record Lows


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
South Carolina Lexington County
The Art Of Marketing You
The Lounge at Active Rain
Almost Anything Goes
Posts to Localism
Active Rain Block Party
mortgage rates
columbia sc
terry edwards
home for sale in irmo sc
30 year fixed rate mortgages
russell jeffcoat realtors
35 palmetto wood court

Post a Comment
Spam prevention
Spam prevention
Show All Comments
John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

Great news...the question of the day is how low can they go? What an amazing time to get a loan!

Aug 05, 2010 07:16 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Terry Edwards

Ask me a question
Spam prevention

Additional Information