The ultimate time to Buy Real Estate...Record Low Rates
Jul
20th
2010
Posted By: Johnny Crosby @ 11:25am In: GeneralTags: low mortgage rates, home buying, real estate
The average rate for a 30 year fixed loan sank to 4.69% this week according to Freddie Mac. Rates are at the lowest point since Freddie Mac began keeping records in 1971. Mortgage rates are actually at their lowest point since the 1950s.
Why is this important to know? As home buyers, we naturally focus so much attention on price. But the interest rate can have a huge impact on the monthly payment.
Feel free to email me your real estate questions.
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