Interest Rates at All Time Record Lows

April 3, 2009
Well rates for 30 year fixed mortgages continue to fall at alarming rates and are now at all time record levels. I have posted a great article below and you can always check out the current rates at www.bankrate.com which is a great site. As you know it's Friday so I like to take a look at interest rates and as stated they just continue to amaze me. Please keep in mind though that now unlike in the past there is significant documentation and credit checks etc. that need to be completed to lock in one of these rates but they are out there and for people who have good credit, bank statements etc. it's a terrific time. If you read in the article the lenders are stating that it is the perfect storm for buyers with low rates and government incentives coming into play. It's also a good time for current owners who again want to refinance. Until next week...... Have a great weekend.
http://www.bankrate.com/finance/mortgages/mortgage-rates-drop-to-record-low.aspx