For thse with the itch to buy, there are some GREAT mortgage deals out there right now. No, not the kind that got us into this mess in the first place, but great deals for the responsible buyer with great credit scores and payment histories. How low? Buy-down rates are as low at 4% right now! As reported in the Austin Business Journal…
Market watchers expect the Federal Reserve‘s decision to buy U.S. Treasuries will drive down mortgage rates in coming weeks, but they were already falling this week.
Freddie Mac‘s weekly rate report says 30-year fixed-rate mortgages fell to an average of 4.98 percent this week, down from 5.03 percent last week and just shy of the all-time low 4.96 percent in mid-January.
A year ago, 30 year mortgages were averaging 5.87 percent.
You’d better believe that this Realtor® is working to get on this deal as well. Yep, my home is on the market and we’re looking to move to a house that better fits our new married lifestyle with a much better deal on a mortgage than I got when I bought my current home!
