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Real Estate Blog & Resources

Home Mortgage Rates at 52 Year Lows

Mortgage rates dropped to a 52-year low today and are not expected to drop much further which means that lot loans and construction loans are also at all-time lows. The good news for the housing market this week combined with these incredible low rates makes it the absolute perfect time to buy land now.

According to Bankrate.com, home mortgage rates dropped to a 52-year low this week, according to a report released Thursday, in the wake of the government's announcement that it will buy more than $1 trillion in debt.

Analysts say that while mortgage rates could edge a smidgen lower, they won't make any more dramatic plunges so now is the time to buy!