Interest rates remain extremely affordable which is great news for buyers as the the housing market crawls into recovery mode. From MSNBC.com,
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.88 percent this week, down from 3.9 percent. In February, the rate hit 3.87 percent, the lowest since long-term mortgages began in the 1950s.
The 30-year loan is the most common financing option for home buyers.
I know more and more people who are finally in the market to buy and are sure fortunate that they are getting these kinds of interest rates!