Mortgage Rates Gettin' Low, Low, Low…

mortgage-rate

source: Bespoke Investment Group

The Notorious B.I.G. picked up this stat from last Friday:  The national average for a 30-Year Fixed Mortgage is now below 5% for the first time since the summer of 2003.  And your elected/ appointed officials down in D.C. want it even lower.

My take is that they’ll succeed.  Meanwhile, if no one has a job by the time they get mortgage rates where they want them, who the f&%@ will be able to take advantage of these loans.  They actually make you prove your income these days, after all!

The party continues.

Full Story:  30-Year Fixed Mortgage (B.I.G.)

What's been said:

Discussions found on the web
  1. ian in hamburg commented on Mar 30

    I come from Canada and live in Germany. There are laws in place in both countries that would make the mortgage madness the States and the UK got themselves into impossible. Good to see the States is finally getting some sense.

  2. ian in hamburg commented on Mar 30

    I come from Canada and live in Germany. There are laws in place in both countries that would make the mortgage madness the States and the UK got themselves into impossible. Good to see the States is finally getting some sense.

  3. ian in hamburg commented on Mar 30

    I come from Canada and live in Germany. There are laws in place in both countries that would make the mortgage madness the States and the UK got themselves into impossible. Good to see the States is finally getting some sense.

  4. Erica Rose commented on Jun 04

    I always like reading your blog! Another good solid article and a great help to many people!

  5. Erica Rose commented on Jun 04

    I always like reading your blog! Another good solid article and a great help to many people!

  6. Erica Rose commented on Jun 04

    I always like reading your blog! Another good solid article and a great help to many people!