What an awesome time to make your MOVE and buy that home you have always dreamed about!
Angie Uttecht, Ace Realty
Broker/Owner, 1718 Dakota Ave S, Huron, SD57350
|Daily Real Estate News | May 30, 2011 | ShareBuyers Better Hurry: Rates Reach New Lows
For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in its weekly mortgage market survey.
Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.
Here’s a closer look at mortgage rates:
Source: “Fixed Mortgage Rates Continue to Find New Lows,” Freddie Mac (May 26, 2011)