UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Crazy Low Interest Rates

Posted by UtahCribs, Real Estate, Homes on April 6, 2009

I have been posting a lot about the current position of Interest Rates. I hope you all understand how incredibly low they are right now?

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85% last week, from 4.98% the previous week. This was the lowest in the history of Freddie Mac’s survey, which dates back to 1971, and was down a full percentage point from a year ago.

In a time of uncertainty, or a time where to be honest who knows what is going to happen? For certain we do know interest rates will be raised in the near future. They can’t stay low forever, inflation will bite us in the rear if we do leave it that low. Do you think I am up in the night?

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One Response to “Crazy Low Interest Rates”

  1. Brad Miles said

    Nice post Spence. I hope this makes people realize that 2009 is the time to buy real estate.

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