Funkhouser Real Estate Group
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Friday, April 24, 2009
Interest Rate History

Interest rates for a typical 30-year loan have never been better --- since they started being recorded in 1970.  They're hovering just below 5% right now --- could they go lower?

Of note --- rates for the purchase of an investment property may be as low as 5.25% on a 30-year fixed rate mortgage.  This was a quote from Debbie Huntley (540-568-1056) at SunTrust Mortgage yesterday (4/24/2009).