The average interest on a 30-year fixed mortgage dipped to a new record low of 4.57% this week, down from 4.58% just a week ago, according to Freddie Mac, which began tracking rates in 1971. Last week's rate represented another historic low.
Pessimists in the real estate market say the low rates may not provide much of a boost for housing sales, because many people do not qualify for new mortgages or have already obtained loans at low rates this year.
Don't be discouraged. If you want to take advantage of the low rates, high inventory, and great bargains available in Ormond Beach homes, call or email and let's talk.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.sherryarmstrong.com
www.daytonabeachscene.com
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