October 20, 2009

30-Year Fixed Rate Still Below 5 Percent for Third Consecutive Week


Clients always ask if now is a good time to buy or should they wait. I say now! Rates are like a spring, they take a long time to go down but pop back up quickly. Buyers who need to finance real estate should take advantage while the rates are good.

---------- Forwarded message ----------
From: <sharon@lucykelts.com>
Date: Tue, Oct 20, 2009 at 1:28 PM
Subject: 30-Year Fixed Rate Still Below 5 Percent for Third Consecutive Week
To: sharon@lucykelts.com


Realty Times Article Mailer
Sent by: sharon corp at sharon@lucykelts.com.

Informative article


30-Year Fixed Rate Still Below 5 Percent for Third Consecutive Week
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Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.92 percent with an average 0.7 point for the week ending October 15, 2009, up from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 6.46 percent.

Read the Full Story At:

http://realtytimes.com/rtpages/20091016_rates.htm


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