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Borrowers can relive the ’50s
The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week. Freddie Mac said Thursday that the average on the 30-year home loan fell from 3.94 percent the previous week. The 3.91 percent rate is the lowest average for long-term fixed mortgages on records dating to the 1950s. If you have been standing back and waiting for the cost of homes and the mortgage rates to reach the bottom, I think we are there! Call or e-mail me if you want to start looking at Homes for Sale, or if you have any Real Estate questions.