Mortgage Rates at Historic Lows Continue to Help Home Buyers

 

Most HOME BUYERS need and get LOANS for their purchases.

LENDING RATES are a primary factor for home buyers to consider for their decisions.

 

Prospective HOME BUYERS got help again this week when fixed mortgage rates fell to an all-time low since 1971.  

 

 

Fixed MORTGAGE RATES for HOME LOANS were at HISTORIC LOWS again this week according to FREDDIE MAC.     

• Average rates for 30-year fixed loans were down to 4.17 percent, the lowest on record dating to 1971. 
• The average 15-year fixed rate was 3.57 percent, the lowest since Freddie Mac started tracking such loans in 1991. 
• Five-year hybrid adjustable rate mortgages averaged 3.25 percent.  One-year Treasury-indexed ARMs were 3.26 percent. 

Last week the FED said it would buy $600 billion in government bonds to help keep interest rates, including mortgage rates, low.  That news essentially drove home loan rates down.

 

Time is now for Orange County and California home buyers to take advantage of the BEST LENDING RATES EVER, make decisions and get moving. 

Source: OCRegister.com, November 12, 2010

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Harrison K. Long - Business Solutions and Advisory - REALTOR® and broker associate, Coldwell Banker Residential Brokerage - Phone: 949-854-7747  -  CA DRE 01410855

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For your home loans in Orange County, California, contact experienced loan broker Tim Sibley, First Capital Mortgage, Corona del Mar - 949-718-1511.

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We list and sell homes and properties at Orange County, California.  Please contact us about buyer opportunities and amazing low mortgage rates at Orange County homes and properties.

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