We recently noted that mortgage interest rates hit new 2010 lows last week. Well the trend is continuing and we get the following from a recent CNBC article:
Here’s some good news for the struggling US housing market: Thanks to the European debt crisis, mortgage rates are at historic lows.
The current average rate for a 30 year fixed loan is 4.87 percent, according to Bankrate.com. That’s the lowest rate for the 30 years since Bankrate started keeping track 25 years ago…
If you think you could be a candidate for a HARP loan or other government-backed refinance loan contact us in the sidebar immediately. These low rates may be disappearing soon.