The interest rate on a 30-year fixed mortgage has reached the lowest level since September 2005. This according to Feddie Mac as economic conditions worsen resulting from the dreaded credit crunch. These new lows are prompting more homeowners to refinance and likely to stimulate buyers entering the real estate market this year.
Read more about mortgage rates at MarketWatch.
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6 comments:
Please take my house off the market and remove your sign immediately. Thank you. Tamara G. Takala, 3980 Winston Drive, HE, 60192.
We are all hoping in the real estate business, that the lower rates that are coming in now, along with lenders that will reasonablly lend can continue to turn up sales rates. the latest data in some areas are showing a pick up. If the Fed keeps it up we should be able to put on our roller skates.
I think we acturally put in a lower low this spring, 2009.
Nice to see your blog dealing with Chicago real estate market. Nice sharing and keep posting.
I think we acturally put in a lower low this spring.........Please log on our website for Jaipur Property
this is a very Nice to see your blog dealing with Chicago real estate market. Nice sharing and keep posting
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