Thursday, September 21, 2006

Mortgage Rates LOW

According to the Associated Press through MSNBC, mortgage rates are now at their lowest level in six months. Rates have dropped to 6.4%, down from 6.8% in July.

Home sales have been slow, but according to the article, this is good: Sharp declines this year in home sales and construction of new homes have provided support for the view that the economy is slowing to a more sustainable pace and eased worries about inflation.

If you're thinking about buying a home, experts think the rates may hover in this range the remainder of the year. So it may be time to stop thinking and start doing - you've got 3 months left before 2007!


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