Anch. AK real estate listings and homes for sale, home buying, home selling information – Century 21 North Homes Realty

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October 15th, 2010 2:57 PM

According the an article published in the Wall Street Journal and posted today in the Realtor Online Magazine, interest rates have not been this low since Eisenhower was President. This fact, dovetailed with the information from yesterdays blog (indicating that most people still believe investing in a home is a prudent financial move) would signal there is no better time to buy a home. There are solid values in every market and mortgages have never been cheaper.

Remember that my business is built on referrals. If you or anyone your know needs Professional Real Estate services, please consider me. Michael J. Droege, Prudential Jack White/Vista Real Estate, Anchorage, Alaska 907-230-3372 www.MichaelDroege.com

Daily Real Estate News | October 15, 2010 |

30-Year Mortgage Rates Plumb New Depths
Freddie Mac reports that the average interest on 30-year fixed mortgages slipped to an all-time low, for the third consecutive week, to 4.19 percent.

At the same time, 15-year fixed-rate loans and the five-year adjustable-mortgage rate both also hit record lows. Rates on the former were 3.62 percent, while the latter averaged just 3.47 percent.

Source: The Wall Street Journal, Nathan Becker (10/15/10)

Posted by Michael Droege on October 15th, 2010 2:57 PMPost a Comment (0)

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