Mortgage Rates Drop again

Hi Neighbors,

Here's a report from the Pittsburgh Post-Gazette. "Long-term mortgage rates remain near record lows, despite rising slightly this week. Freddie Mac reported that average interest on a 30-year fixed loan was 5.14 percent, up from 5.12 percent a week ago.

Rates for 15-year home loans, meanwhile, rose to 4.58 percent from 4.56 percent last week."

Source: Pittsburgh Post-Gazette (08/28/09)

Good news for home owners getting a new mortgage or planning to re-fi.

Jeff
Neighborly Realty