Rates down again - time to buy

Posted by Steve Dalton / Category:

Freddie Mac: 30 Year Fixed Mortgage Rate Drops to 5.78%

This is quite a decline in mortgage rates over the last few weeks.

From MarketWatch: Freddie Mac: 30-year fixed-rate mortgage average drops Freddie Mac said Thursday the 30-year fixed-rate mortgage average ... was 5.78% with an average 0.6 point for the week ending Sept. 18, compared with 5.93% last week. Last year at this time, the average rate was 6.34%.

Update: It's time to buy, even negative talking Calculated Risk shows that the housing recovery is beginning now, don't miss the bottom and complain next month. Call me if you want a quick pre-qual before you head out to look for homes this week.