Mortgage Rates Go Lower
Friday, August 20, 2010 | Comments Off
Wow…rates on fixed-rate mortgages hit a new low this week, the average 30-year fixed rate is about4.42 percent with an average of 0.7 points. One year ago rates were over 5%, rates are at a new low since 1971. Perfect time for first time buyers to jump into the market. FHA requires 3.5% down payment, cheaper than renting in this market!