July 2010 
There are 1 blog entries for July 2010.
Mortgage Rates Hit Another All Time Low
Friday, July 30th, 2010 at 3:38pm. 234 Views, 0 Comments.
Mortgage rates are the most affordable they have been in decades.
The national average for a 30-year fixed loan is currently at 4.54%. This latest rate is the lowest for a 30-year fixed loan since Freddie Mac began tracking rates in 1971. It also marks the 5th time in 6 weeks that mortgage companies reported hitting a new average low.
Keep in mind, it is possible to get an even lower rate when a borrower contributes more than 20% toward the down payment or has impeccable credit (sometimes over 720 but preferably over 800). Many times, the best rates available are offered by community banks or credit unions. The reason this is possible is due to the fact that they keep mortgages on their books instead of selling them to investors. Other times, bigger…
- Featured Properties
- Recent Blog Posts
-
Owner Financing
Have you thought about purchasing a home that offers owner financing? Would you like to mortgage a home without payin... Read MoreHome Sales Continue to Rise for Port Orange Area Homes
Home sales for the month of March are on the rise compared to the previous three months in Port Orange, Daytona Beach... Read MoreLooking to Buy in Florida?
Looking to Buy in Florida? Homes sales are up 13% and condo sales are up 29% for the month of February compared to l... Read More