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Pleae note this article from the Pittsburgh Times Review.  Published again in the REALTOR Online Magazine, mortgage rates are at the lowest levels in most of our lifetimes. 

As we have advised before and as stated below, once we have some positive economic activity in the jobs arena, these rate will rise. 

If you are considering the purchase of a new home, there could not be a better time.  Prices in Alaska are stable and there are deals to be had.  Although the market does not favor Buyers or Sellers, it is a good market to negotiate a reasonable purchase.

Remember my business is built on referrals, if you or someone you know is interested in buying or seller, please consider me.  I can be rached as follows:

Michael J. Droege - 907-230-3372

Mjdroege@gci.net

www.MichaeDroege.com

Mortgage Rates Continue to Fall
Average interest on long-term mortgages slid to a record low for the eighth time in nine weeks and could dip more. Freddie Mac reports that 30-year fixed loans averaged 4.36 percent this week, down from 4.42 percent a week ago; the 15-year fixed rate fell to a new low of 3.86 percent from 3.90 percent; and adjustable-rate mortgages were also below 4 percent.

The Mortgage Bankers Association's Michael Fratantoni said the group expects that rates "will begin to rise as the economic situation improves along with jobs."

Source: Pittsburgh Tribune-Review, Sam Spatter (08/27/10)

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