Friday, December 14, 2007

Nation: 30-Year Mortgage Rates Fall To Lowest Point In More Than 2 Years

Rates fell sharply again last week, dropping to an average of 5.96 percent. That was down from 6.10 percent the previous week and was the lowest rate since September 2005when they averaged 5.91 percent. Rates on 15-year fixed-rate mortgages, a popular choice for re-fi's, slid to 5.65 percent from 5.73 percent the previous week. The rates do not include add-on fees know as points. This is a great time to buy- low interest rates and great home pirces!

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