Mortgage rates hit a new low last week: Freddie Mac said the average for a 30-year fixed-rate loan was 3.91%. Such super-low rates and the resulting increased affordability of homes may spur more housing activity.
I think it has a lot to do with does the average consumer think it has hit bottom yet…myself I think not…
3.5% and I’m refinancing!
If Chairman Obama gets another term, the government will be paying US interest to buy a home (paid for by a tax on the rich of course).