The 5 year closed rate for a few lenders is now below 4.00%!!! For those thinking of purchasing, now is a great time, as home prices have also decreased and I’m sure there are some bargains to be found out there!
While no one can predict the very bottom of the market (both for interest rates and for home prices) we do know that mortgage rates today are at an all-time low, so those thinking of purchasing or refinancing are encouraged to do so soon!
Tuesday, April 7, 2009
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