Monday, May 7, 2012
Interest rates fall once again!
USA today reported today that interest rates on 30 year fixed mortgages have fallen once again to a new low of 3.84%. This new low represents the lowest rate out there since mortgages came into being in the 1950's. Less than impressive economic reports spurred the latest drop in mortgage interest rates.
Ironically enough, many homeowners that would like to take advantage of these wonderfully low rates will not be able to do so with the rigid mortgage qualification standards today. Additionally, it is estimated that the rates will climb back up to 4.25%-4.5% very shortly.
If you are in a position to buy a home or investment property and/or refinance, look into the matter today so the opportunity to finance at historically low rates does not pass you by.
If you want to make the most of your real estate experience call me today, I will treat your transaction as if it were my own.
PS pictures are a courtesy of: http://www.freedigitalphotos.net