
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).