30-Year Fixed Mortgage Rate Drops to New Historical Low

By
Real Estate Agent with Future Home Realty

Mortgage Rate At A New Historic Low Of 3.43%

Mortgage Rates for a 30-year mortgage hit another historic low of 3.43%, while the 15-year mortgage rate is 2.87%. Realizing that a 6% mortgage rate is considered average, home buyers can buy much more home than ever for the same mortgage payment.

30-Year Fixed Mortgage Rate Drops to New Historical Low, Current Rate is 3.43 ...

"SEATTLE, Jul 3, 2012 (GlobeNewswire via COMTEX) -- The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 3.43 percent, down five basis points from 3.48 at the same time last week. This represents the lowest rate reported since ..." http://www.marketwatch.com/story/30-year-fixed-mortgage-rate-drops-to-new-historical-low-current-rate-is-343-according-to-zillow-mortgage-rate-ticker-2012-07-03

 

Mortgage Rate at Historic Lows May Signal a Great Time to Buy

Why are rates so low? Unfortunately, it is due to the slowing economy, but for those with a good job and a good credit score, these low rates may signal a great time to buy a home. Search All Tampa Area MLS Listings Here.

Comments (2)

Laura Murray
Weichert - Silver Spring, MD
Search Montgomery Co., MD for homes www.MDRealEstateOnline.com
Hard to image rates this low. Especially for those of us old enough to remember double digit interest rates. Now if they could just make it so more folks could qualify for those low rates.
Jul 04, 2012 03:34 AM
Jeff Launiere
Future Home Realty - Tampa, FL
Jeff Launiere

I know what you mean Laura, my first mortgage was at an interest rate of almost 20%. I am refinancing now, and saving a few hundred a month by doing so.

Jul 04, 2012 04:09 AM