April 25th, 2008
Mortgage Interest Rates On The Rise Again
I said it before and I will say it again…..The biggest threat to affordability is Interest Rates not Home Prices. (If you are considering buying please read this info)
This is a reminder since we see that interest rates have crept back up due to inflation concerns.
Share ThisMortgage company Freddie Mac reported yesterday that 30-year fixed-rate mortgages averaged 6.03 percent this week after three straight weeks at 5.88 percent. Rates on 30-year mortgages were last above 6 percent the week of March 16 when they averaged 6.13 percent.
Posted by scott on April 25th, 2008 in Real Estate |
