Mortgage rates drive to another new low

By
Real Estate Agent with Keller Williams Realty, Madison, Wisconsin

According to the latest Freddie Mac weekly mortgage market survey, mortgage rates have dropped to record lows once again. As of July 29th, the average commitment rate for a 30 year fixed rate loan was 4.54%. The rate for a 15 year fixed rate loan was 4%. Here's the trend over the last 20 weeks.

weekly mortgage rates

With a new buyer's market and record low rates, today's buyers are getting better deals than those who participated in the home buyer tax credit several weeks ago.

Have a great weekend,

Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com

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Topic:
Lending / Financial
Location:
Wisconsin Dane County Madison
Groups:
Dedicated Bloggers
Tags:
madison real estate
dane county real estate
buying real estate
mortgage rates

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Rainmaker
1,427,576
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

Great time to pick up the phone, dash off an e-mail and let folks know...these are the good times..the best time to buy !

Aug 01, 2010 07:16 AM #1
Rainer
239,935
Michele Miller ~ REALTORĀ®, LMC, HSE, CHS
Keller Williams Greater Worcester - Worcester, MA
"Your Full Service Professionals"

Let's hope this continues Dan! There's no better time to buy or refinance!

Aug 01, 2010 07:21 AM #2
Rainmaker
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Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

HI Randy, more good news for home buyers, now if they will buy!

Aug 01, 2010 07:49 AM #3
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Rainmaker
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Dan Miller

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