Thursday, October 06, 2011

Mortgage Rates Hit Record Lows

Freddie Mac is reporting that mortgage interest rates are at an all-time low with 30-year fixed-rate mortgages available at 3.94% and 15-year fix-rate mortgages at 3.26%. The cost of a mortgage has never been lower during my lifetime (since 1955). Real estate prices are also at record lows.

Now is a great time to refinance or purchase a home.

Source: Freddie Mac

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