THAT WAS THEN
In the summer of 2003,
interest rates for a 30 year fixed rate mortgage were at a 30 year
low. As the market heated up, there was an overall increase in
interest rates over the next 3 years.
THIS IS NOW
According to Freddie Mac,
interest rates have fallen of late. The average 30 year
mortgage rate was 6.11% as of December 7, the fourth consecutive
weekly decline.
THE
OPPORTUNITY
As the market heats up
again, interest rates may be on the rise. Locking in a low
interest rate now, will save you money on the purchase of your new
home.
