Buyers What Are You Waiting For? 30-Year Mortgages Fall to 4.19%!

Posted by: najirashid on Thursday, October 14th, 2010

Can you believe it! 30- year mortgages has fallen to 4.19% The average rate on a 30- year fixed mortgage is now the lowest it has been in six decades. Freddic Mac’s weekly rate report says a 30-year fix fell to an average of 4.19 percent in the week ending October 14, down from 4.27 percent last week, the lowest since at least 1951 based on FHA data back to 1948.

The last time this happen was before my time and I do not believe interest rates will go this low again in my life time. Buyers what are you waiting for? I guarantee you that now is a good time to buy and those who wait will regret they did one day.

Topics: Buyers, General, Interest Rates

 

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