Exciting News: 30 Year Mortage Rates Hit another Low!

More exciting news from about yesterdays mortgage rates.  Don’t miss this one.  It is one of the best times in history to buy a house.  Take advantage! 

“The 30-year fixed mortgage rate fell to 4.85 percent, the lowest on record, on a government plan to increase purchases of mortgage-backed bonds and buy as much as $300 billion of Treasuries.

The average rate is the lowest in the Freddie Mac weekly survey dating to 1971. The rate fell from 4.98 percent a week earlier.

The Federal Reserve said it will purchase up to an additional $750 billion of mortgage-backed securities from Fannie Mae, Freddie Mac, and Ginnie Mae to support home lending.”

Quoted from the Boston Globe. Read More.