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Mortgage Rates Hit Rock Bottom

December 10th, 2009 categories: Mortgage, Tips For Buyers, Tips for Sellers

Unprecedented 4.71% Average 30 Years Fixed-Rate

Along with already low prices this kind of mortgage rates should keep the Real Estate “momentum” going. In the last few months we have experienced a surprising market; where multiple offers on attractive properties under $ 400,00 were the norm. When I say attractive, I mean either very well priced and/or in good conditions. Foreclosures normally require either some work or  major repairs but are priced accordingly.

Related Articles:
WSJ-Mortgage Rates…
USA Today- Mortgage Applications Rose…

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This entry was posted on Thursday, December 10th, 2009 at 4:55 am and is filed under Mortgage, Tips For Buyers, Tips for Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Top 10 real estate posts of the day for 12/11/2009 : Tempe real esatate and free home search said at December 11th, 2009 at 7:51 am

    [...] Mortgage Rates Hit Rock Bottom – Agree, if you have not locked, get to it because what are the chances it goes down from here vs [...]

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