Today’s Mortgage-Rate Info We All Should Know

June 13, 2012 in First Time Home Buyers, Real Estate 411, Seattle This Month

Hey home buyers, this is major,  don’t miss this.

According to the VP of Freddie Mac (the Federal Home Loan Mortgage Corporation), this is the 6th consecutive week that fixed mortgage rates are riding on an all-time low. Compared to last year, the 30-year fixed-rate mortgage average has dropped 0.82 percent! The 15-year fixed-rate mortgage average has dropped as well with a .74 percent decline.

So what does this mean for us?

With our nation being challenged economically and the number of unemployment still rising, now is the prime time to buy a house and take advantage on the low rates of interest that are available in this economic climate. Now more than ever we can lock in low payments and reap the benefits of owning a home that there is every indication will be increasing in value in the next few years. Take a look at this article for all the juicy details!