Great news for buyers of homes for sale in Maricopa Arizona and elsewhere!
In spite of all the media hype and doomsayers predicting higher mortgage rates on the way, the 30-year fixed mortgage averaged 3.91 percent (0.8 point) for the week ending January 5, 2012. That’s down from 3.95 percent the previous week and matches the record low set just two weeks earlier.
Obviously rates cannot drop much further and yes, eventually they will go up. My motto: "If you are looking for a home and find something you like, BUY IT!".
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