For several weeks now, rates have continued to inch down, reaching new lows for 2011. The 30 year fixed-rate has fallen to 4.55 percent while the 15-year mortgage averaged 3.74% according to the Freddie Mac Mortgage Market Survey. This is the seventh straight week that rates have dropped.
With rates low, inventory up, and prices dropping as well, now is a good time to buy a home!
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