Interest Rates Hit All Time Low

Blog, Market Updates, Real Estate News
{Infograpic} Southen Californians might be worried about their tax rates going up, but at least they don’t need to worry about mortgage rates going up any time soon.We hit the all-time low interest rate for a 30-year fixed mortgage, reached in the week  ending Thursday, according to Freddie Mac. The average 15-year  rate slipped to 2.65 percent, also a record. Home prices are rising, in part  because of reduced interest rates. Low borrowing costs have made refinancing  more appealing and helped the housing market recover by making purchases  more affordable. Check out this cool infographic.