Mortgage Rates Lower Once Again…
Freddie Mac reported this week that rate have decreased for a third straight week, and are at their lowest since July 2005. They also stated that for the first time in seven years that the average rate on the 15-year FRM is lower than the average rate on 1-year adjustable-rate mortgages (ARMs). So, what does this all mean?It means it’s time for buyer to get out there and start buying. If you missed out last time rates were this low, you know you do not want to miss out again. They won’t stay like this forever. And with more houses on the market for sale than ever before, buyers have the advantage, and should start making offers right away.
This may also be a good time for those of you that have high rates from a year or two ago to consider a refinance. I know I am going to consider it, how about you?
January 24th, 2008 at 4:15 pm
[...] unknown wrote an interesting post today onHere’s a quick excerptThey also stated that for the first time in seven years that the average rate on the 15-year FRM is lower than the average rate on 1-year adjustable-rate mortgages (ARMs). So, what does this all mean?It means it’s time for buyer to get … [...]
February 14th, 2008 at 4:07 pm
This to will come back to us and be a problem down the road with huge interest rates. Really everyone consider buying now it’s really the best time to if you qualify for a loan.
May 6th, 2008 at 8:04 pm
secured credit cards…
In recent times many financial Institutions providing loans like Student loan refinancing, Student loan consolidation, International student loans. Student loan refinancing, it is the main goal of refinancing is usually to reduce your monthly student l…