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Mortgage Rates Drop To The Lowest On Record

It seems like every other week we are seeing this same headline about new historic lows on mortgage rates. Well, here we go again. The average rate for a 30 year mortgage is now 4.27% down from 4.32% last week. Will rates go even lower? Who knows. One thing for certain is that this is an opportunity for those in the market for a home to take advantage of these historically low mortgage rates. Why not revisit the monthly payment calculation in view of this. You may be surprised at the additional homes that may now fit into your monthly budget. Read more

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