Saturday, May 2, 2009

Mortgage Rates Hit Record Low…Again!

Well, you’ve just about run out of excuses for not buying a new home. Prices are lower than they have been in 4-5 years, inventory levels are up with plenty to choose from, the government has chipped in an $8,000 tax credit for 1st time buyers and now…RECORD LOW INTEREST RATES!

According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed rate mortgages are down to 4.78% for the week ending April 30th, 2009. That rate matches the lowest rate in the HISTORY of Freddie Mac’s survey, which began in 1970. Need I say more?

If you’re sitting on the fence, don’t sit their much longer or you will miss out on the buying opportunity of a lifetime. All of your friends and relatives may have overpaid for their home with a 6.5% adjustable rate mortgage that is now at 8.5%, but NOT YOU. You are going to buy a great home at a great price with a great mortgage rate!

Give me a call today, and let’s talk about your options.

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