Interest Rate Watch
Buyers should lock in rates now
Supported by the Federal Reserve’s recent decision to cut its overnight federal funds rate to a range of zero to 0.25 percent, the 30-year fixed rate mortgage hit a 37-year low last week reaching 5.17 percent. That’s the lowest the 30-year mortgage rates have been since Freddie Mac began its weekly mortgage rate survey in 1971, noted Frank Northaft, Freddie Mac chief economist.
Click here for the full article and to learn why NOW is absolutely a great time to buy and lock in low rates.
Check THIS GRAPH to visually to see why timing the market is a bad idea.
