Explore Properties at Southern California: Excellent Mortgage Loan Interest Rates Available Now at Lowest Level This Year

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It's is amazing and positive news for home buyers and sellers that home loan rates are now at their lowest level for this year 2011. great mortgage interest rates

Interest rates on a 30-year fixed-rate home loan fell for a fifth week in a row and dropped to lowest level this year.

According to weekly survey by Freddie Mac, the average rate for a 30-year mortgage was 4.61% this past week (the lowest weekly rate in six months).

great news for buyers This is also down 0.44 of one percent from the 2011 high of 5.05% in February, 2011.

This week's rate is close to the 40-year low set in November 2010. good news for sellers

Freddie Mac said that rates this week averaged as follows:

(a) 30-year fixed - 4.61% with 0.7 points paid up front, or a loan fee equal to 0.7 percent of total loan amount

(b) 15-year fixed - 3.80% with 0.7 points paid up front

Now is the best time for buyers to plan, get loan qualified, and take advantage of these incredibly low mortgage rates.

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Source of some information here is from OCRegister.com, May 20, 2011. If you want information about your own situation and home loans, contact a qualified mortgage broker in your area.

If you are in Orange County, CA, contact Tim Sibley, First Capital Mortgage, Corona del Mar, CA @ 949-718-1511.

If you are in New Jersey, contact Jeff Belonger, mortgage broker @ 609-440-5133.

For professional and trusted real estate representation - Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as a director at California Association of REALTORs®.