Thursday, August 31, 2006
They're sinking
Interest rates for a 30 year fixed rate home mortgage are dropping. Rates had been as high as 6.75 or 7 percent. Recently, they have dropped to about 6.375 percent. I have seen some mortgage companines advertise mortgages for as low as 6.125 percent, which is a pretty good deal. Hopefully, rates will continue to decline. I will keep you posted.
