Mortgage News
30 Year Mortgage Rates Lowest in 4 Years
| Shared by Jerry on Sat Dec 13, 2008 3:54 am | |
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According to a Freddie Mac survey, the average 30 year fixed mortgage rates have dropped down to 5.47% this week. During this time last year, the rates were around 6.11%. Thus, this drop is considered to be a significant one. The main reasons for the drop down in rates are recession and high unemployment. Source: http://www.washingtonpost.com/wp-dyn/content/article/2008/12/11/AR2008121103557.html |
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jameshogg
 Joined: 20 Dec 2005 Posts: 4291 Location: nevada 509.34 Dollars($) |
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