30-year mortgage rates down to new low

As sales have slowed a bit due to the discontinuation of the federal tax credit, banks have looked to other ways to boost new loan sales.  You guessed it…lower interest rates.  Not the Tom Foolery that caused the crash, just an honest reduction from the rates that were already low.

 Would you believe 4% for a 30 year fixed rate loan?  Is this a great time to buy?  YES!  To read the full story just published by the LA Times click HERE.

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