The Real Stuff: Home Buying Gets Another Boost in Affordability
Home Buying Gets Another Boost in Affordability
Borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week, Freddie Mac reports in its weekly mortgage market survey. 30-year fixed-rate mortgages averaged 3.84 percent reaching a new historical low. A year ago at this time, rates averaged 4.71 percent.
We know that all good things must come to an end, and interest rates will begin to increase, especially as we get news of the economy rebounding slightly. If you are thinking of purchasing a home, now is the time to get the best interest rates of all time which means it will cost you less. If you are thinking of selling, these rates help you as well because it will increase buyer demand and traffic.
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\nBy: on May 4th, 2012 Category: Uncategorized