Mortgage Rates Record Lows
Julie Schmit of USA Today just posted an article called “Mortgage rates fall to new record lows.” The great news it that mortgage rates are at record lows. To be exact they haven’t been this low in about 60-years! Although some feel that interest rates have decreased because economic growth has declined 
recently the housing market still shows signs of improvement.
According to the National Association of Realtors existing home sales are up 5.2% in March from last year. Other signs the real estate market is improving is a smaller decline in home prices and signs of bottoming in some markets. Trulia data showed a 2% rise in asking prices on homes for sale from February through April, compared to prior months. This is due to a stronger demand and tighter 
inventories. 92 out of the 100 of the largest metro areas in the USA showed price increases according to Trulia. The Mortgage Bankers Association said that the demand for loans is also up. These mortgage rates at record lows mean that now is the time to buy!
Freddie Mac expects rates to rise later this year so you don’t want to continue waiting to buy a home. Contact San Antonio Texas New Homes For Sale today for a fun and easy home buying experience. Learn more about the great deals we know about. Add those deals with these record low mortgage rates and you’ll make out like a bandit on your new home! Fill out the form below and take advantage of these mortgage rates at record lows!
Mortgage Rates Record Lows
Originally Posted at: San Antonio Texas New Homes for Sale
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