Mortgage rates hit 39-year low

By: Christine Macrenaris

I’m catching up on e-mail after a nice long week vacation and an article regarding low interest rates stops me in my tracks.  According to Inman News, mortgage rates have hit historical lows since 1971.

Rates for 15-year fixed-rate mortgages are 4.04 percent for those of you thinking of refinancing! For all of the sales agents out there, this information is key to helping you show the affordability of home ownership. With developers offering significant price reductions and with the right financing – now is the time to buy.