Last week's mark of 4.96 percent for a 30-year fixed rate mortgage were the lowest since Freddie Mac started it's survey in April 1971. This week the rates are still very low but not that low. Thursday Freddie Mac reported that average rates on a 30-year fixd rate mortgage rose to 5.12 percent.
Does this mean the interest rates will continue to rise? No one really knows but we do know that rates won't stay this low forever. If you've been considering refinancing or purchasing a new home now is certainly the time.
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