Mortgage Rates At Record Lows

Despite all the negative news about the real estate market these days, there is still good news for some.  For those looking to buy, there has never been a better time. This past week mortgage rates have fallen to record lows. A 30-year fixed rate averages about 4.69% and the 15-year fixed rate is at about 4.13%. The adjustable 5-year is at about 3.84%.  With record low mortgage rates and ample inventory, there is no reason to wait, now is the time to buy!

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