Thursday, October 21, 2004

It's Time to Buy a House!

Today the interest rate on fixed rates of 15 year and 30 year mortgages dropped to the lowest they've been in six months. Both rates have been taking strolls up and down, not knowing where to go. The 15 year fixed rate mortgage dropped from 5.14% to 5.7%, and 30 year mortages went from 5.74% to 5.69%. It may not seem like a lot to you, but believe it or not interest definately grows as the years go on, often times you end up paying double your mortage in the end. Is it worth it? I definately think so, especially when you take advantage of low interest rates.

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