Alan Barkers Rants, Thoughts and Life
Mortgage Interest Rates at NEW Record Lows

It’s hard to believe, but mortgage interest rates hit all time lows AGAIN. It makes me just want to buy again even though I just bought. Home financing is just so cheap right now.

Here is the break down from the latest Freddie Mac survey:

  • 30- Year Fixed Mortgages 3.89%
  • 15 year Fixed Mortgages: 3.16%
  • 5 Year ARM: 3.23

What a fantastic time to buy. Get started searching homes for sale right away before the economy improves and interest rates rise.

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