Huntsville Home Buyers See Drop In Interest Rates

By: Huntsville Real Estate Expert Mike Manosky On April 20, 2007

The Freddie Mac Primary Mortgage Market Survey showed a drop in interest rates this week fueled by a moderation in inflation.

This week’s interest rate for a 30-year fixed-rate mortgage averaged 6.17 compared to last week’s 6.22. The rate drop is the first in six weeks. It is also icing on the cake for Huntsville home buyers. Spring is prime buying season. Now is when the greatest number of homes are available. To have a large inventory to choose from and lower rates is a bonus for buyers.

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