Tuesday, January 08, 2008

Mortgage Rates are diving!

If you haven't bought yet, and why I might ask, here's the last reason you should need ... mortgage rates are actually too low now.
clipped from www.inman.com

Nightly real estate rates in 4-day slide

30-year fixed rate at 5.56%; 10-year Treasury yield at 3.84%

Long-term mortgage interest rates were down again Monday, and the benchmark
10-year Treasury bond yield dipped to 3.84 percent.

The 30-year fixed-rate average sank to 5.56 percent, and the 15-year fixed
rate slid to 5.08 percent. The 1-year adjustable rate was down at 5.32
percent

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

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