Has there been a better time to finance a home in the past 40 years?
As we enter 2012 it is worth a look back at where we were when January 1, 2011 was knocking at our door. At the beginning of 2011 the 30-year fixed mortgage interest rate was just below 5% and at that time it was the lowest level for a mortgage rate to begin any new year in many decades.
And here we go again! As we approach the final days of 2011 and get ready to welcome 2012, the 30-year fixed rate is below 4%!
Courtesy of Element Funding