Posted by: Gentry | January 24, 2008

Mortgage Rates Lowest in 4 years

Thinking about buying… now’s a great time, with a buyer’s market in the Northwest and mortgage rates hitting historic lows:

http://www.bloomberg.com/apps/news?pid=20601103&sid=a9WB2EDVStsc&refer=us

The average U.S. rate for a 30-year fixed mortgage declined to 5.31 percent today, the lowest since March 2004 when the Fed’s benchmark rate was 1 percent, according to Bankrate Inc., a research firm in North Palm Beach, Florida.


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