Jim Renshaw » Mortgage Rates http://jimrenshaw.com Land Title Guarantee Company Wed, 30 Nov 2011 16:56:27 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Mortgage Rates Dip in September http://jimrenshaw.com/2009/09/14/mortgage-rates-dip-in-september/ http://jimrenshaw.com/2009/09/14/mortgage-rates-dip-in-september/#comments Mon, 14 Sep 2009 16:11:09 +0000 Jim Renshaw http://jimrenshaw.com/?p=579 Fixed mortgage rates have been inching down from June 2009 and now are around 5.0%.  March of 2009 saw historically how rates rates neared the 4.5% mark and they stayed under 5% for a couple of months. Mortgage rates then started an upward trend into the 5.5% range.  How long will rates be at 5%?  No one know for sure but it is an absolutely great time to be a first time home buyer with extremely low interest rates and the $8,000 tax credit.  Here is a chart showing the running one year trend.  Are your buyers sitting on the fence or taking advantage of this great opportunity?

30 Year Fixed Mortgage Rate One Year Trend

30 Year Fixed Mortgage Rate One Year Trend

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