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Mortgage Rates Hit Record Low

Friday, February 3, 2012

Les Christie of CNNMoney.com reports that mortgage rates have hit an all-time low this week, on the heels of President Obama’s announced proposal to enable millions of homeowners to refinance to today’s low interest rates:

By Les Christie @CNNMoney February 2, 2012: 1:35 PM ET



NEW YORK (CNNMoney) -- Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.
The 30-year, fixed rate fell to an average of 3.87% and the 15-year fixed dropped to 3.14% for the week ending February 2, both the lowest rates ever recorded in the 40-year history of the Freddie Mac Primary Mortgage Market Survey.
For the complete article, click here.
For information on how you can take advantage of today’s historically low interest rates, visit www.dragasmortgage.com. Dragas Mortgage can assist you in finding the best program to fit your financing needs, whether you are purchasing a new home, or refinancing the home you already own.

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