Mortgage Rates at Record Low – First Time Below 4%

October 06th, 2011
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Mortgage Rates All Time Low

According to the Freddie Mac mortgage agency, today the average rate on a 30-year fixed mortgage fell to the lowest rate ever, 3.94%. The average rate on a 15-year fixed-rate mortgage fell to 3.26%, also a record.

Mortgage rates could fall even further now that the Federal Reserve plans to reshuffle it’s portfolio of securities in effort to lower long-term rates.

For those who can qualify for these historically low rates, this is an extraordinary opportunity to buy a new home.

To read the full article, click here: http://nyti.ms/pXTs7c

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  • http://utahhomeloansandmortgages.com/salt-lake-city-mortgage-calculator/ Richelle Jelsma

    With the mortgage rates now at all-time low, some people will opt to buy their former houses while others buy new ones. I hope this rate would stabilize our economy and not be the start of another bubble burst.

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