The Lowest Interest Rates Mortgage currently available

Very Low interest mortgages will be available at the very least until mid 2012, according to Frank Nothaft of Freddie Mac.  

These low rates can convert into big savings for today’s home buyers. Over five years ago, a home buyer would have seen around a 5% rate on a 15 year loan term. For example, on a $200,000 mortgage, that would have equated to about $1,582 a month in monthly payments. With a low interest rate today of around 3.2% on a $200,000 loan, the buyer’s monthly mortgage payment would come to around $1,400. That is a significant savings of $182 a month.  

With these lowest historical rates, now is a great time to buy that home you been waiting to buy!

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