Average rates on fixed mortgages fell again this week to record lows. Creating more incentives for buyers to enter the recovering housing market.
Mortgage buyer Freddie Mac said yesterday that the average rate on the 30 year loan fell to 3.53% and the lowest since long term mortgages began in the 1950's.
The pace of home sales still remains well below healthily levels, especially here in the South Florida market. Many people are still have difficulty qualifying for home loans or can't afford the down payment required by the bank.
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