Sunday, October 10, 2010

Record Low Mortgage Rates


With summer here and allow schools, public swimming pool lifeguard is not only to see an increase in the company. Local mortgage saw a rush of people looking to take advantage of always historically low interest rates available on the properties, including houses Lake Houston area.

Now, Bankrate.com, the interest rate for a fixed loan 30 years is somewhere between 4.7% and 4.8%. These rates are still some of the lowest on record for the past 25 years (which is the amount of time that Bankrate has been followed by mortgage rates).Since the European debt crisis began, investors come in the pond to invest in US Treasury bonds, since they viewed as an investment relatively sûr.Cela has in turn avitaillé lower interest rates.

Why people refinance their home ready?Generally, there are two reasons for this: take advantage of lower interest rates or take advantage of the equity. Since home values have declined in the past few years, more on people are refinancing take advantage or these low rates of interest when in addition, demand for home loans for new properties purchased has decreased since the expiry of the House of the end of April 2010 tax credits.

Low interest rates, offers many houses on the market and the fantastic price list still makes a great moment to buy your Lake Houston home, vacant land to build the House of your dreams or same one commercial or other investment property.








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