Mortgage Rates Dip
Posted by Phil Boren on Friday, April 3rd, 2009 at 4:56pm.Freddie Mac released the results of its Primary Mortgage Market Survey today, showing that the 30-year fixed-rate mortgage averaged just 4.78%, with an average of 0.7 points for the week ending April 2, 2009. Last week the rate was at 4.85%. Last year at this time, the 30-year averaged 5.88%. The 30-year loan rate has not been lower in the life of Freddie Mac’s weekly survey, which dates back to 1971 for the 30-year, fixed-rate mortgage. What does all this mean for you? Buy a house. A year from now you will wish you started this process today!
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Phil Boren
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