Thursday, May 31, 2012

Mortgage Rates at Record Lows

The 15-yr mortgage rate is at 2.97 and 30-yr at 3.75%. $$ 


We're at the point where everyone has been saying interest rates can't fall any further - but, they do.  The obvious statement is that it's a great time to buy a house.  Yet, housing prices continue to fall with no bottom in sight.  Housing prices depend on wage inflation, and it's been a rough stretch the past few years.


Mortgage rate falls to record 3.75 percent 
BUSINESS | MAY 31, 2012
Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for th... Read more

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