Interest Rates Keep Falling

Even though you continuously hear how lenders are laying employees off and things are not very good in the real estate market, I heard today at a local mortgage broker that the fixed interest rate on a 30 year mortgage dropped again. Their rate with some restrictions was at 6.125%. That is very appealing when compared to about 6.875% on the same type of loan in weeks past. If you were on the fence about buying a home in recent days, the lower interest rate might help in making that decision a little easier. Contact your local lender or Realtor for more details on the current interest rate situation.