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Cheap Mortgage Rates Coming Back?

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I hadn't been following mortgage rates very closely over the last 6 months or so. I assumed they'd continue to rise as they have been. Just yesterday I got an interesting mail from Bankrate.com. It was an alert for mortgage prices that I set up over 2.5 years ago. Turns out that in Massachusetts you can get a 30-year fixed, 0 point, rate for 5.625% if you have perfect credit and every duck in a row. I found that's it's nearly impossible to get the rates posted, but even if you could get 5.875% or 6% you wouldn't be doing half bad.

Last updated on December 14, 2006.

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Retirement, Smart Purchases

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3 Responses to “Cheap Mortgage Rates Coming Back?”

  1. looks like mortgage rates will continue to stay flat for the rest of the year too.

    but i doubt it’ll help the CA housing market from dropping even further.

  2. No, it definitely won’t support California. However, it could help my place out in Boston, if I decide to sell it in the next couple of years.

  3. […] are looking good in several areas. Oil prices might test $60 a barrel soon. As I mentioned earlier, Mortgage rates seem to be dropping. The consumer confidence is […]

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