Interest Rates

Wow! Interest rates have been so low lately. They have dropped to below 5 % and that is the lowest since 1971. Mortgage rates have been dropping since late Novemeber. And you know what that means? It's a great time to buy or to refinance. Freddie Mac reported that the average rates on a 30 year mortgage were 4.96% this week. A year ago they were 5.69%. The average rate on a 15 year mortgage has been around 4.5%. Call or email me if you need any more info on any of this.