MORTGAGE RATES DROP
Friday, August 19, 2011
MORTGAGE RATES CONTINUE THEIR THREE WEEK DROP to hit record low's. Rates on loans tracked by Freddie Mac are now nearly a full percentage pointe below their 2011 highs seen in February.
Of course this means its a good time to purchase real estate or even re-finance as rates seem to be in the low's 4% range. That's a new all-time low for 30 yr fixed rate loans according to Freddie Mac records dating to 1971, surpassing the previous record of 4.17 percent set during the week ending Nov. 11, 2010.
Please Click Here to access the properties for sale inventory within the Board of REALTORS database MLS system.