4.5% mortgage rates?

I wonder what would happen if the Treasury Department actually gets the go-ahead to lower interest rates on mortgages to a historic 4.5%? My dad tells me that rates were 15% in 1982, and the past few years they’ve been 5.5%-6.5%.

But 4.5%? That’s too good to be true. I’m sure only those with excellent credit scores would qualify for them. It makes me want to move up our house-hunting timeline, which I figured wouldn’t happen until next summer, after the wedding, at the earliest.

Rates right now are 5.5%. In our price range, 4.5% would knock $160 off a monthly mortgage payment!

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Subscribe & Follow!

Subscribe via RSS