In the news this week: Mortgage rates lower this week
The average rate on a 30-year fixed mortgage slipped to 5.03 percent this week from 5.15 percent last week. A year ago, the 30-year fixed-rate mortgage averaged 6.13 percent:
http://www.freddiemac.com/pmms/release.html?week=11&year=2009&display=release
What does this mean? It is one of the best times to buy. If you have good credit and are looking this is one of the best times to buy in the Tampa Bay, Florida region.
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