Low Interest Rates

THAT WAS THEN: In the summer of 2003, interest rates for a 30 year fixed rate mortgage were at a 30 year low. As the market heated up, there was an overall increase in interest rates over the next 3 years.

THIS IS NOW: According to Freddie Mac, the average 30-year mortgage rate was 6.14% and the average 15-year mortgage rate was 5.86% as of March 14, 2007, the tenth consecutive weekly decline.

THE OPPORTUNITY: As the market heats up again, interest rates are not expected to go lower, in fact, they may be on the rise. The time is NOW to lock in a low interest rate to save money on the purchase of your next home or investment.