Mortgage Rates Hit Record Lows

By
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     tedwards@sc.rr.com

www.FeaturedColumbiaHomes.com     803 920 5327

Russell & Jeffcoat Realtors

 Serving all the great neighborhoods in the Columbia, SC area

Mortgage Rates Hit Record Lows

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Rainmaker
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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
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Rainmaker
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Terry Edwards

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