We've reported record low mortgage rates on our Tallahassee real estate blog several times this year. Once again average interest rates on 30 year fixed rate mortgages have bottomed at record lows. The average rate fell to 4.32% this week.
Record sales of US Treasury bonds, amid concerns about foreign debt problems, have driven down bond yields. Tallahassee home buyers have benefited greatly from these low rates.
Even with low rates, it pays to interview different Tallahassee home mortgage lenders to see what rates and services may fit your needs. As reported in major financial newspapers, regional and local banks are frequently offering lower rates than large multinational banks. Check out our Tallahassee home mortgage lender page for some great references.
Those who can lock in a rock bottom interest rate ought to consider doing so. Call our Tallahassee Home Buyer specialist line at 850.329.0050.
Terance Keenan
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