Saturday, December 02, 2006

Mortgage rates down!

... to a 10-month low, as reported by Bankrate.com. "The benchmark 30-year fixed-rate mortgage fell for the fifth week in a row, this time by 5 basis points, to 6.17 percent ... The 30-year rate dropped to its lowest level since Jan. 25, when it was also 6.17 percent. One year ago, the mortgage index was 6.36 percent; four weeks ago, it was 6.31 percent."

Are you thinking of buying? Yes, typically there are fewer homes on the market, but the right one may be out there for you!

To read more: Bankrate.com

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