Pending house sales index jumped 10.4% in October and the mortgage rates are up again. Freddie Mac said that the lenders offering 30-year fixed mortgage at an average of 4.46% this week. Compared to the rates last month, which was 4.17% and last week’s at 4.40%, the rates are slightly increasing.
With these information in mind, it is a great time to buy. TAKE THIS OPPORTUNITY TO GET YOUR DREAM HOMES. YOU ARE STILL NOT TOO LATE while the rates are not as high as last year and the inventory still piling up. It is still the BUYER’S MARKET.
The complete articles about the mortgage rates and home purchase contractcan be found at:
http://latimesblogs.latimes.com/money_co/2010/12/freddie-mac-mortgage-rates-are-up-again.html
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