Fixed Rate Mortgages Still Falling

I love reporting on things like this, the retail mortgage market is continuing to fall, thus providing more opportunity to home buyers everywhere to get a great deal, and secure it for the long term.

Freddie Mac just reported that the 30-year fixed rate mortgage dropped to 4.55% and the 15-year mortgage fell to an average of 3.74%.

That is definitely one of the lowest rates in history, and if ever there was a time that you were thinking about buying a home, now would be that time. I know that getting through the approval process is a bit tougher than it used to be, but sooner or later the home and mortgage market will pick back up, and you’ll lose out on this opportunity.

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