I received an email from my husband again yesterday with an article that mortgage rates have dropped again (he is my personal "rate watcher" - and a shout out to him for 33 years of marriage today!)
What does this mean? It means now really is the time to buy - really! Lower interest rates mean lower monthly payments which means more money in your pocket! Want to find out more? Email, call or text me at 713.817.5710
How much are we talking? Use this handy calculator on Realtor.com http://www.realtor.com/home-finance/
According to MSN : "Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening.
Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down from 4.42 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971.
The average rate on 15-year fixed loan dropped to 3.86 percent from 3.90 percent the previous week. That's the lowest on records starting in 1991. " more
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