July 9th, 2010 7:43 AM by Mike and Susie Berra
Mortgage loan interest rates are the lowest they have been since rate tracking began in the early 1970's. The average rate on 30 year fixed loans is 4.57%. Fifteen year fixed rate loans can be found in the low 4% range and adjustable rate mortgages can be had in the mid to upper 3% range.
If you have been putting off the purchase of a primary residence or second home here at the Lake, there is no time like the present. Home prices are down from the large spike of a couple years ago and the rates cannot be beat.
This combination of rates and values will not last forever!