Friday, October 08, 2010

The Latest for the week!
Mortgage rates continue heading for the basement, as they once again hit all time record lows (as long as records have been formally kept). For thirty year fixed rate loans, the rate dropped to 4.27%! If that still isn't low enough for you, grab a fifteen year loan. It will only cost you 3.72%! Neither of these is a typo--just where the rates are going. How long can they continue at or below these levels is anyone's guess, but I can't think of a better reason to get out and buy, if you're looking for a home. You sellers out there are also at an advantage with these rates, as it only encourages buyers to get out and look for a home to buy. What better one than yours?!


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