Mortgage rates are currently hovering around a 50 year low.  Freddie Mac Vice President said, “With today’s rates, home buyers would save about $1,500 in payments each year on a $200,000 loan compared to rates last June.”   Freddie Mac also reported that the average 30 year fixed rate was 4.57.  If any of you are on the fence about buying a home keep in mind that home prices are relatively low and rates are also at record lows!

Tags: Mortgage Rates, Mortgage Rates in Utah

Posted on Friday, July 16th, 2010 at 3:32 pm and is filed under Buy a House, First Time Home Buyers, Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.