Interest Rates On 30 Year Fixed Loans Lowest in 37 years

        The most-recent survey from Freddie Mac shows interest rates on 30-year, fixed rate mortgages averaged 5.19 percent last week, the lowest level in 37 years.  While lower interest rates have resulted in a dramatic jump in homeowners seeking to refinance, now also is a great time to purchase a home. Homes that you could not afford may be affordable now. Between price decreases and low interest rates this may be the time to buy your dream home.  With mortgage payments being lower, you may be surprised at what you can afford.

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