The spring home buying season is here and buyers heading out to look for a home will have the added incentive of affordable, low mortgage interest rates. Freddie Mac reported that rates for a 30-year fixed mortgage averaged 4.27 percent last week, marking a six week low. The 15-year fixed mortgage rate averaged 3.33 percent. Read more.
In other headlines:
Rules of engagement in home appraisals – Chicago Tribune
Report: A Third of Home Owners in Foreclosure Have Equity – Daily Real Estate News
New-Home Construction Ramps Up in Midwest, Northeast - Daily Real Estate News