Saturday, May 26, 2012

Record Lows for Mortgage Rates

Mortgage rates hit new record lows this week, with the average rate for a 30-year fixed mortgage falling to 3.78 percent, according to Freddie Mac. The average 15-year rate held at 3.04 percent, which is also still a record low.

I prefer to work with local lenders, but here's a link to current rates from to give you an estimate of today's rates and the estimated costs:|1000

With borrowing costs so low, now is a great time to buy a new house. National reports show that the housing market is improving, with more houses being sold and house prices increasing slightly. The number of people refinancing their current mortgages was also rising due to the falling mortgage rates.

We've been busy in our region, with good job prospects and people moving into the area. I would love to help you sell your house or buy a house if you're looking to change your current situation. I have lots of good experience working with clients.

Call me at 320-894-7528 or e-mail me at and I will work hard for you.

Noah Hultgren