Huntsville Real Estate Blog

Freddie Mac is reporting that the current weak economic reports are continuing to drive mortgage rates downward.

In it’s weekly update, Freddie Mac reports the 30 year fixed-rate mortgage averaged 6.03 % last week – compared with 6.24 % the week before.  The rate is also down compared with this time last year, when it averaged 6.14%.

"Weak economic reports that indicated declines in the job market, slowing in manufacturing and low consumer confidence drove bond yields lower this week and mortgage rates followed," said Frank Nothaft, Freddie Mac vice president and chief economist.

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Attention, potential homebuyers!  CNN.com is reporting that now is the best time since 2004 to purchase a home. 

This article shows the nationwide research and statistics which prove that, overall, prices are dropping as interest rates remain low.
   

 You may also sign up to receive automated emails of new listings that match your criteria at HuntsvilleHomeHunter.com!

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