Mortgage rates are back near record low – “Strike now”

Posted on by FletcherSales Realty

excerpt from the acticle by ALAN ZIBEL AP

Real Estate Writer WASHINGTON (AP) — Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance: Mortgage rates are inching closer to a record low.

The window of opportunity may close soon. Home loan rates will rise if investors grow more confident and shift money out of the safety of government bonds, which influence mortgage rates. For now, though, rates are tantalizingly low. The average 30-year fixed-rate loan sank to 4.78 percent this week, the lowest this year and barely above the record of 4.71 percent set in December. And 15-year loans are at their lowest rates in two decades.

“Strike now,” suggested Greg McBride, senior financial analyst at

Read Complete Article

For Real Estate info call us at 850.837.1388

This entry was posted in Emerald Coast Real Estate News and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *