MORTGAGE RATES HIT ALL-TIME LOWS AGAIN!

Two weeks ago last week, the average rate on a 30-year fixed mortgage fell to a record low of 3.91 percent. After bouncing up above 4 percent briefly last week, the average rate again hot the record low established two weeks ago.

The 15-year average rates were down to 3.23 percent, and although down this past week, it remained higher than the record low set several weeks ago of 3.21 percent.

Always at issue is the fact that few people qualify to take advantage of these low rates because of the high unemployment  and flate wages. There is also the fact that many people are scared to invest in a home at this time fearing that the home could well loose value over the next couple of years. 

We all know that the rates will eventually rise, and for those who can take advantage of the current rates, they would be well advised to do so.