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Interest Rates are Falling

REALTOR Magazine is reporting that the 30 year fixed mortgage rate dropped 8 basis points this week, averaging 3.57%.  At this time last year, the average was 4.90%.  My mom came into the real estate business in 1979.  At her first closing, the buyer's interest rate was 17.0%.  She truly believed that my sister and I would never be able to buy our own homes when we grew up.  Today's buyers have a golden opportunity with these low rates.  What are you waiting for?