June 26, 2010

Mortgage Rates at Historic Lows

Mortgage rates dropped to the lowest level in decades this week, making home affordability very favorable

One of the Flagstaff home loan lenders I work with sent me a note Friday saying, “I’ve been a mortgage loan officer since 1986 & the rates today are the lowest I’ve seen!” Uncertainty about the extent of global economic growth and continued low inflation levels have helped mortgage rates reach these levels.

The 30-year fixed-rate mortgage averaged 4.69 percent (with 7/10^th point given to obtain that rate) during the week ending Thursday, according to Freddie Mac’s weekly survey. Here are the numbers released by Freddie Mac:

Freddie

Freddie Year/Week Comp

To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.

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	Freddie Mac Press Release
	More data than you ever want to know about home loans last week
	http://www.freddiemac.com/pmms/release.html?week=25&year=2010

Topic Tags: Flagstaff homes, Flagstaff listings, Freddie Mac, mortgage rates, Remax in Flagstaff

by Ann Heitland
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by Ann Heitland

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