Saturday, February 10, 2007

Mortgage Rates go Down!

Bankrate.com reports that "The benchmark 30-year, fixed-rate mortgage fell 11 basis points to 6.31 percent...One year ago, the mortgage index was 6.32 percent; four weeks ago, it was 6.24 percent."

Good news! "Before this week, the average 30-year fixed had risen seven out of eight weeks -- and it remained unchanged during the one week when it didn't go up. That two-month rise followed a six-week period when rates fell every week."

If you're thinking about buying, interest rates are very attractive!

To read more: Bankrate.com February 8 mortgage loan rate report

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