Excerpt from: Flagstaff Mortgages
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| August 01, 2010 | | Last year at this time rates were three-quarter point higher... | The Freddie Mac weekly mortgage market survey has been in existence since 1971. Last week, both 30-year and 15-year fixed rate mortgage prices reached record lows. The average 30-year fixed-rate mortgage was 4.54% with an average 0.7 point given to obtain that rate.
On any given day, rates may be different from the average and if you are obtaining a “no points” mortgage, your rate is likely to be slightly higher than the average here (with its .7 point cost).
This is the sixth week in a row that home loan rates have fallen. Here are the numbers:
You cannot lock these historic rates until you have a contract to purchase a home! Get qualified today with one of Flagstaff's mortgage brokers and then call to start your Flagstaff home search: 928-714-0001.
To buy or sell any Flagstaff home, please contact me: Ann Heitland at RE/MAX Peak Properties.
To search the Flagstaff MLS, click here!
Click here to see my featured Flagstaff home listings. | |
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