Friday, October 9, 2009

Interest Rates have nothing to do with it..

Low Mortgage Rates Fail to Get Phones Ringing

Mortgage rates near historic lows aren’t producing more buyers, said Kittrell, who recited terms on a rate sheet on his desk which he said were almost unprecedented in his 30 years as a broker: A 30-year fixed mortgage for 4.75 percent, a 15-year fixed for 4.25 percent, a 5-year adjustable at 3.5 percent.

Posted by rob @ 12:37 PM (703 views)
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2 thoughts on “Interest Rates have nothing to do with it..

  • Wouldnt mind a 15 year fixed at that rate!

    Wee

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  • Not wanting to state the obvious but this is because house prices are out of reach for the majority of people. Rates can go to 0% and they still wont have a large enough salary to secure a mortgage.

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