Mortgage Rates Hit an All-Time Low

Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac.   Do not expect these rates forever.  Once the economy picks up rates will raise quickly.  Build now to lock in these rates for the next 30 years.

This entry was posted on Friday, June 25th, 2010 at 2:40 PM and is filed under Home Economics, Housing Economics, Loans and Closings, Tax Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.