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30-year mortgage rate falls to record low 3.94 percent

October 6, 2011
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If you are in the market to buy a new home in the near future, or even need to refinance your home. The time is now. 

The Associated Press reported: The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify, it’s an extraordinary opportunity to buy or refinance

In addition to the 30-year fixed mortgage rate, the average rate on a 15-year fixed loan dropped to a record low of 3.26 percent.

These record low mortgage rates make this an ideal time to purchase or refinance your home. If you need to refinance your home and get a lower rate, you pay less interest on your loan and in turn will have more money to spend.

For those who have been unsure about purchasing a home, this could be the vital factor to relieve any uncertainty.

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This post was written by Sandcastle Homes

I just moved into my new Sandcastle home and I think it’s a wonderful place to live. They have been very helpful, particularly Lynette and Steve. From the owner Mike Salomen down, it has been a truly positive experience. I would highly recommend anyone who wants to buy a new home that is built of high quality to consider this home builder.

Neal Massey

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