Mortgage Rates Hit Record Low in the Second Week of 2012

By
Real Estate Agent with Welcome Home Realty

Mortgage Rates Hit Record Low in the Second Week of 2012

Buying a new home on your list of Things to do in 2012?

Now certainly could be a great time to buy, according to Freddie Mac.  Reporting last week in its weekly market survey, mortgage rates fell for the 6th consecutive week, and dropped below 4% for 30-year fixed-rate mortgages - the most popular mortgage choice amongst today homebuyers. 

Although overall unemployment rates remained high in 2011, the economy added 1.6 million jobs throughout a 365-day period - the highest since 2006. 

For further information on rates for other mortgage options, read the full excerpt from Realtor.org. 

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Posted by

Jessica L. Steele

Welcome Home Realty/Valley of the Sun Team

602-510-3810

jsteele53@cox.net 

Comments (2)

Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Jobs, jobs, jobs. Until people are secure in their jobs, rates could be zero and sales will still be low. However, for those secure, grab it.

 

Not sure what your eyes are trained on in the upper left picture, but must be interesting.

Jan 16, 2012 11:31 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

One more reason for buyer's who are qualified to buy now you never know when the rates will increase.

Jan 16, 2012 11:44 AM