If you've ever considered getting a 15-year loan for your house, now may be the time to do it. Mortgage rates are at record lows... again!
According to Freddie Mac, the 30-year is now at 3.31%... and the 15-year-rate averaged 2.63%. That's down from 2.65% a week ago.
One executive says it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans. It's all part of a positive trend for the housing industry. Existing home sales, prices and new construction are all recording upticks.
(source: CNN)
