News - The 30 year fixed rates have dropped to a decades old low. The national mortgage rate has dropped to an average of 4.71%, according to the weekly survey conducted by Freddy Mac. Wow! Interestingly, the article points out that these rates can't last too long and will likely go north of 5.5% by the 2nd quarter of 2010. Read the whole story on CNBC.com.
Thursday, December 03, 2009
Mortgage Rates Set New Record Low
News - The 30 year fixed rates have dropped to a decades old low. The national mortgage rate has dropped to an average of 4.71%, according to the weekly survey conducted by Freddy Mac. Wow! Interestingly, the article points out that these rates can't last too long and will likely go north of 5.5% by the 2nd quarter of 2010. Read the whole story on CNBC.com.
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