30-Year Fixed Down, Time to Buy?
- By:
- Bill Rice | Thu, 12/11/2008
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Director Lockhart, Fannie Mae and Freddie Mac chief regulator, talks about moving mortgage rates down to 4 percent. Blasting through the US Treasury's previous consideration of a 4.5 percent target this reduction is sure to move a lot of prospective new homeowners off the bench. Just the discussion of 4 percent has moved the 30-year fixed-rate down to 5.5 percent.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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