Collect Experiences. Not Things. :')

October 14, 2010

Time to Buy A House?

Freddie Mac: 30 year Mortgage Rates fall to 4.19 percent, lowest since 1951
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate fell again to break the survey’s all-time low; the 30-year FRM has been under 5 percent for 23 weeks in a row. The last time 30-year FRM rates were this low was April 1951 (based on a data series of FHA rates going back to 1948). The 5-year ARM tied the all-time survey low set last week.
However, with the international equities cranking it's hard to justify purchasing a house.

No comments: