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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