Time to LOCK!
Home Ownership Just Became More Affordable
from ActiveRain Mortgage Group
Coming into the month of May the biggest concern for the US economy was the grim outlook many economist had on inflation. Inflation was expected to push mortgage rates higher and slow an already slow US housing market ...
However, economic reports have been coming in better than expected week after week. This has helped to push mortgage rates on a downward trend for a majority of the month. According to Freddie Mac's Primary Mortgage Market Survey the 30 year fixed mortgage rate is at it's lowest point since the survey on April 17th 2008.The 30 year fixed rate mortgage is the most common mortgage that first time homebuyer's use when financing a home .... (Read Entire Article)