New Record Low On 30-year Loan

Another record low has been reached this week as Freddie Mac reports that 30-year fixed rate mortgage loans averaged just 3.84%. This is down from 3.88% and marks the lowest number on record. The drop in large part was achieved in a run towards bonds by investors who were seeking safety on renewed concenrs regarding the ecnomic recovery. Of course this news is encouraging for anyone looking to purchase a home and perhaps some that have held off on refinancing to this point. The rates for 15-year fixed rate mortgages averaged just 3.07%.

Stephen Woodall
REALTOR, GRI @ Long Realty Company
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.

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