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Another Record Low Set for Long-term Mortgage Rates

April 2nd, 2009 | Author: georgine
Another Record Low Set for Long-term Mortgage Rates
Freddie Mac released the results of its mortgage market survey and the 30-year fixed-rate mortgage  averaged 4.85 percent, down from last week when it averaged 4.98 percent. Last year at this time, the rate averaged 1 point higher at 5.85 percent.  The 30-year fixed-rate mortgage  has not been lower in the life of Freddie Mac’s weekly survey, which dates back to 1971.  What does this mean for the consummer? BUY NOW!!!
From Philadelphia Real Estate Blog
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