Atlanta Home Buyers: Lowest Mortgage Rates Since 1950s
Atlanta Home Buyers: Lowest Mortgage Rates Since 1950s
The Associated Press is reporting the lowest mortgage rates since the 1950s “Rate on 30-year mortgage falls to lowest on record Posted 8/18/2011 1:36 PM ET By Daniel Wagner, AP Business Writer
WASHINGTON — The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971.
The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17 percent was reached in November.
The last time long-term rates were lower was in the 1950s, when 30-year loans weren’t widely available. Most long-term home loans lasted 20 or 25 years.”
If you are considering purchasing a home right now, you are a candidate for some amazing mortgage interest rates. Combine that with affordable home prices and the affordability of single family housing has never been better.
If you are considering the purchase of an Atlanta Georgia home, give me a call at 70-939-3174 for the latest home buyer information. Or check out the English Team website to search the FMLS and find a home that fits your needs.