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30-year fixed-rate mortgages hit a new record low
The weekly mortgage rate reports released Thursday indicate 30-year fixed-rate mortgages hit a new record low.Examples of monthly payments:Assuming 20% down and 30 Year mortgage at 4.375% interest rate (APR 4.551%) as provided by Russell’s preferred lender American Midwest ...
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Have Interest Rates Bottomed and Now Going Up!
According to the weekly Rate Trend Index from Bankrate, rates have bottomed. 62% of the expert panelists expect mortgage rates to remain unchanged over the next seven days. While 38 % believe rates will increase in the coming week. (DSNews 6/3/10)The time to buy is now!
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