Mortgage Rates Dip Below 5%!
Friday, January 22, 2010
Are you in the Market for a Home?
The Time is NOW!
Mortgage rates dip below 5%!
"The average 30-year fixed mortgage rate fell 7 basis points to 4.99% in the week ended Thursday January 21, 2010. the thirds straight decline. Freddie Mac said. Federal Reserve purchases of mortgage securities have kept rates at historical lows. But borrowing costs could rise after the Fed ends those purchases this spring. Also, Treasury yields could rise if the economy improves or investors balk at buying massive U. S. dept issuance."
This along with the Federal Tax Credit makes it the right time to buy a home!
As always, Keeping you informed;
Gainesville-Florida-Realty.com
Information provided by:IBD online
