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Mortgage rates continue to fall

Posted on August 31, 2010 by tim in Market Update, Mortgage

Are you or a friend thinking about moving up to a larger/more expensive piece of real estate? There has never been a better time than today.

On August 30th the average interest on long-term mortgages slid to a record low for the eighth time in nine weeks and could dip more. Freddie Mac reports that 30-year fixed loans averaged 4.36% this week, down from 4.42% a week ago; the 15-year fixed rate fell to a new low of 3.86% from 3.90%; and adjustable-rate mortgages were also below 4%.

If you are thinking about getting into the market, or just have any questions regarding buying or purchasing a home in Cincinnati, please feel free to give us a call anytime at 513-527-3060 or email us at teamannett@gmail.com .


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