Wannabe Homeowners: Now Is the Time to Buy
Filed under: Real Estate, Credit, Banking
If you’ve been putting off buying a house — playing a game of chicken with long-term interest rates to see just how low they can go — now might be the time to make your move.
Freddie Mac is reporting that the 30-year fixed mortgage rate averaged 3.59% for the week ending Aug. 9, up from the previous week’s average of 3.55%. Two weeks ago, the rate was 3.49%, the lowest rate ever for long-term mortgages. The 15-year fixed rate was up as well, from 2.83% to 2.84%.
These are small…
Wannabe Homeowners: Now Is the Time to Buy originally appeared on DailyFinance.com on 2012-08-10T15:30:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/08/10/wannabe-homeowners-now-is-the-time-to-buy/