The Chicago Tribune reported yesterday that the average interest rate for a 30-year fixed mortgage dropped to 4.71% this week, the lowest we've seen in 38 years. Borrowers are still expected to have stellar credit and put 20% down in order to get the best rates, but hopefully the lower rates will entice more buyers to get into the market.
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Posted by reverse mortgage az,phoenix mortgage in reverse | December 4, 2009 10:33 PM
Posted on December 4, 2009 22:33