Interest Rates are Still Dropping

Interest rates on home mortgages fell—once again—down to another record low at the end of June.

According to Freddie Mac’s weekly survey of lenders’ rates, the average rate on 30-year fixed-rate mortgages dropped to 4.69 percent with an average of 0.7 point in the week that ended June 24, 2010. Last year, the average rate on 30-year fixed-rate mortgages was 5.42 percent.

The average rate on a 15-year fixed-rate mortgage fell to a low 4.13 percent with an average 0.6 point. Last year, that average was 4.87 percent.

If you are in the market to sell your Hoboken home, allow me to show you how to have your home rise to the top for a quick sale. Contact me today so we can begin.

For more great reasons to buy a home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event. With low mortgage rates available,  this is the opportunity you have been waiting for.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can also be reached by  phone at 201-344-2886.

Explore posts in the same categories: Financing/ Interest Rates, Hoboken Homes

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