Amazing deals are everywhere as mortgage rates plunge to record lows this summer
We've been getting spoiled this summer.
Mortgage rates have plunged to record lows eight out of the past 10 weeks.
The average rate for a 30-year, fixed-rate mortgage -- the most popular type of loan -- was 4.63% in our latest survey of major lenders taken Aug. 18. 2010.
For the prudent Buyer, this may be the best time to look at building a new home. With interest rates at the lowest we have seen for years, and builders doing all they can to hold or reduce prices, the competition is fierce. With home sales off for the year, builders will do all they can to earn your business. Mortgages are low, lenders are also cutting costs, and charges on loans. Add this together and you may find yourself saving thousands.
To ensure you are saving as much as you can on new home construction, visit my New Home Construction page at: