GOOD NEWS FOR PEOPLE WHO WANT TO PURCHASE REAL ESTATE

Interest on 30- year fixed home loans averaged 4.79% this week- up slightly from 4.78% a week ago but still near historic lows.

The average rate on 15 year fixed loans hit a record low of 4.2%, down from 4.21% while interest on one-year adjustable-rate mortgages was unchanged at 3.95%, and the five year ARM fell to 3.94% from 3.97%

Source: Wall Street Journal 06-04-10