Mortgage rates Continue to Fall

If you have been thinking about buying a home then NOW really is te time!!!! Freddie Mac has reported that the 30-year fixed mortgage rate fell to a new low this p...

Mortgage rates Continue to Fall Close
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Mortgage rates Continue to Fall

Posted by Gary Ashton: RE/MAX ADMIN on Monday, January 23rd, 2012 at 10:41am.

If you have been thinking about buying a home then NOW really is te time!!!!

Freddie Mac has reported that the 30-year fixed mortgage rate fell to a new low this past week, averaging 3.88 percent, which is down a notch from 3.89 percent a week earlier! 

The benchmark rate has been below 4 percent for seven straight weeks. 

Meanwhile, the average interest on 15-year loans bumped up to 3.17 percent from 3.16 percent last week. Freddie Mac chief economist Frank Nothaft said mortgage rates were basically flat in lieu of a mixed bag of economic data reports.

[SOURCES: Freddie Mac; Information, Inc.]

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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