Mortgage Interest Rates at Record lows – rates as low as in the 1950′s

Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes.

Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That’s below the previous record of 3.91 percent reached three weeks ago.

Records for mortgage rates date back to the 1950s.

The average on the 15-year fixed mortgage ticked down to 3.16 percent. That’s down from a record 3.21 percent three weeks ago.

Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.

What a time to be considering a home purchase. This link article may be very helpful to you  – http://www.tampahomebuy.com/1st-time-home-buyer/.

Please call me at 813-624-3332 if there are any general questions you have about purchasing a home, or a specific neighborhood or school district,

Stephanie LeFew, Tampa Home Buy Realty, www.TampaHomeBuy.com 813-624-3332, stephanie@tampahomebuy.com

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