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.]
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