Monday, October 3, 2011
Oh, that Freddie
According to news out this week from Freddie Mac, recent numbers indicate that "...fixed mortgage rates have fallen to historic new lows for the fourth straight week and are likely to fall further." Rates for 30 year loans are down to 4.01%, the lowest since 1951, and rates for 15 year loans are down to an astonishing 3.28%, the lowest rate EVER for that loan. When you look at these numbers, and also take a look at the amazing deals to be had through other loan programs, such as FHA, VA, or Texas Veteran (currently at 3.57%!!!!), it's really quite flabbergasting!
What does this mean for you? If you have been considering buying a home, the time for hesitation is over. Taking advantage of these historic mortgage rates is a smart and savvy decision. Are you considering selling a home? Now's a great time for you too, because others will want to take advantage of these amazing rates. Call us today (210-566-6355), or visit our website for more information. We look forward to hearing from you!
Posted by Jeanine Claus