With mortgage rates priced near their most agressive levels of the year, buyers are becoming serious about their house hunting. Even though the tax credit deadline has passed we are seeing an influx of buyers eager to take advantage of the low rates. Since we don’t know how long the rates will continue to stay low, it makes sense to purchase now and lock in a great rate!
Mortgage rates as of 5/25/2010
30 year fixed- 4.58% 15 year fixed – 3.72% 5/1 ARM – 3.42%
Posted: May, 25 2010
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