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Mortgage Rates Remain Under 5 Percent

March 12, 2010 Leave a comment

Mortgage rates remain under 5 percent for two weeks straight, as reported by Freddie Mac this week,  the average interest rate on a 30 year fixed loans coming in at 4.95 percent from 4.97 percent a week earlier.

Interest rates on a 15 year fixed loans averaged 4.32 percent compared to 4.33 percent the previous week.  Rates on 5 year adjustable rate mortgages settled at 4.05 percent, a decline from 4.11 percent last week.

Who do you know that wants to buy or seller a home?   Interest rates are very low and the $8,000 Tax Credit is still available if you qualify.  Give me a call for more details.  Let’s start looking for your dream home.