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Cheap Mortgage Rates Coming Back?

December 14, 2006 by Lazy Man 3 Comments

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.

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Comments

  1. Empty Spaces Inc. says

    September 27, 2006 at 10:37 pm

    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.

    Reply
  2. Lazy Man and Money says

    September 28, 2006 at 8:14 pm

    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.

    Reply

Trackbacks

  1. » Confession Time: I used to be a day trader… says:
    July 29, 2011 at 9:38 am

    […] 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 […]

    Reply

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