Good news in this difficult selling marketing - mortgage rates have decreased again, the 3rd time in the last four weeks. With homes reduced in price (and even multiple rounds of price reductions), now is the ideal time for a buyer to make their move.
According to bankrate.com, the 30 year fixed rate has decreased to 6.14% (a 6.21% decrease from last week). A 5/1 ARM only 5.28% (down just under 6% from last week).
This four week decrease is designed to spur the economy - and for you, it might make the difference in buying your dream home.
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