Low Mortgage Rates
Freddie Mac has issued information that explained mortgage rates have dropped to 4.69%. This rate is for a 30 year fixed home loan. The lowest rate for a mortgage was 4.75% until last week. If you have the money and good credit, it is the perfect time to invest in a home. However, people still need to be able to afford a good deal, even when it’s good!
Why is all this happening?
Interest rates are low because lenders need people to buy homes and people are not able to buy homes. Even though this is the best time to buy a home, most homeowners are barely keeping up with their bills and are trying not to lose what they already have. People are losing jobs and the unemployment rate rises every day. Rates are low because people cannot buy, people cannot buy because they cannot make money. Plenty of people are still working and applying for these mortgages but due to poor credit scores do not qualify.
Regardless of what is happening nationally, there is hope. Credit repair often makes a difference and can raise your score significantly. Raising your score could get you the approval you need for low interest rates. Maybe you need help establishing better credit, so that in 6 months you have more options.
Contact us today, your personal credit repair consultant will evaluate your credit report and help you discover your potential score. The right information about everything related to consumer credit and the economy is right here. Get the facts for free, right now, without any obligations.
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