Mortgage Rates at Record Lows

There are benefits from going off the fiscal cliff.

 

From DS news

 

Mortgage Rates Settle Near Record Lows as Fiscal Cliff Talks Persist

Fixed mortgage rates showed little signs of movement in the last full week of November, hovering near record lows as market worries heightened over the impending fiscal cliff. Freddie Mac puts the average 30-year fixed mortgage rate at 3.32 percent and the 15-year rate at 2.64 percent. Analysts say uncertainty surrounding the fiscal cliff has businesses, consumers, and financial markets all feeling uncertain themselves, which will keep mortgage rates at these levels as long as talks drag on in Washington. » Read More

 

 

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