Freddie Mac released their weekly Primary Mortgage Market Survey in which the average rate for a 30 year mortgage dropped to 4.58%. The 15 year rate dropped to 4.04%.
These are the lowest rates since Freddie Mac began tracking in 1971.
To you, the home buyer, every half-point you can shave off your rate is the same as a $11,000 reduction in purchase price for a typical Tallahassee home.
If you have good credit, and a steady income, you likely qualify for these great interest rates. Please call me at 850.445.2476, and visit www.TallaHome.com/Mortgages for a list of reliable Tallahassee mortgage lenders.
Terance Keenan
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