For those of you who were not able to take advantage of the tax credit, there are still great opportunities out there for homebuyers. Mortgage interest rates are at record lows, home prices are stable, and there are great selections of properties in our area to choose the perfect home.
Average interest rates on long-term mortgages slid to a record low for the eighth time in nine weeks and the projection is they still might go even lower. Freddie Mac reports that 30-year fixed loans averaged 4.36 percent this week, down from 4.42 percent last week. The 15-year fixed rate fell to a new low of 3.86 percent down from 3.90 percent last week. Adjustable-rate mortgages were also below the 4 percent mark.
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