Wow! Check out the FHA 30 year fixed rate this week…its at a new record low of 3.5%!!!
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
Bonds and home loan rates are continuing their improving trend. I’ll be watching this closely as we head further into the new year. This is still a great time to buy a home or investment property.
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January 19, 2012