MORTGAGE RATES AT TWO YEAR LOW

Mortgage rates are down lower than they have been in two years (October 2005). Just one year ago, 30-year mortgages ran an average of 6.14 percent; while rates on 15-year mortgages ran 5.87 percent a year ago.

“The majority of programs out there are now offering rates in the 5’s now” - Ruth Fauss, Genesis Mortgage. Now is a great time to jump in and take advantage of not only the low interest rates, but also the large selection of inventory on the housing market. Its a win-win for any home buyer or investor.

www.MichaelBRealty.com