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Money.CNN.com; Mortgage rates dip to new all-time low

by Nancy Jenkins, CRB, CRS
Thirty year fixed rates are at historic lows, the lowest since Freddie Mac started its survey in 1971. Fifteen year fixed rates are the lowest we have seen since June 2003.  What does that mean to the local market? Since our market has fallen to prices we have not seen in several years, the affordability of homes and condos has improved dramatically in the past few weeks. When rates start to fall, mortgage payments decline and buyers can afford a larger mortgage for the same monthly payment. Usually when mortgage payments fall to these low levels, it can signal the bottom of a real estate market. With a great selection of homes available now, we are here to help you with your home purchase. Call Nancy Jenkins Team at 802-846-4888. 
-Nancy

Mortgage rates dip to new all-time low

The 30 year fixed rate fell to 5.01%, its lowest level since Freddie Mac started conducting its survey in 1971.

By Larissa Padden, CNNMoney contributor
Last Updated: January 8, 2009: 11:32 AM ETNEW YORK  (CNNMoney.com) -- Mortgage rates fell to another all-time low, declining for the tenth consecutive week.

Government sponsored mortgage lender Freddie Mac said Thursday that fixed rates on 30-year mortgages averaged 5.01% for the week ending Jan. 8th. That's down from 5.10% last week and well below 5.87%, which is where the rate stood at this time last year.

The 30-year fixed rate mortgage has not been lower since Freddie Mac started conducting the survey in 1971. (read more)

CNNMoney.com, Mortgage rates see big drop

by Nancy Jenkins, CRB, CRS
Good news for mortgage rates…..CNNMoney.com is reporting long term rates have hit their lowest level since the beginning of the year. This brings the current 30 year fixed rate down to a 6.18% national average.
 
If you been on the fence about making a Vermont Real Estate purchase, this could be your opportunity. If so, give me a call, 802-846-4888.
 
-Nancy


Mortgage rates see big drop
Long term rates hit lowest level since first of the year; 30 year fixed hits 6.18%.

November 22 2006: 1:55 PM EST

NEWYORK (CNNMoney.com) -- Mortgage rates continued their downward slide reaching their lowest point since the first of the year on slower growth in the market, according to a survey released Wednesday.

The 30-year fixed-rate mortgage averaged 6.18 percent for the week ending Nov. 22, down from 6.24 percent, according to Freddie Mac's (Charts) Primary Mortgage Market Survey. A year ago, the 30-year averaged 6.28 percent. The 30-year peaked for the year in July, at 6.80 percent. (read more)

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Nancy Jenkins
Nancy Jenkins Real Estate
140 Kennedy Drive, Suite 102
South Burlington VT 05403
802-846-4888
Fax: 802-846-4899