Mortgage rates have continued to drop making this the fourth week in a row that rates have reached modern-day record lows. My preferred loan officers are currently quoting 30-year fixed-rate mortgages in the 4.375%* range and are indicating that they could go even lower! The most recent downward trend is a result of the Federal Reserve’s announcement that they will begin buying long term Treasury securities in an attempt to keep the U.S. economic recovery on track and avoid deflation.

 

Now's the time to buy!  Don't wait!

*4.375% is $4.99 per thousand borrowed.