30-Year Fixed-Rate Falls to 37 Year Low

According Freddie Mac, the 30-year fixed-rate fell to at least a 37 year low this week!  For the week ending December 18, 2008, the rate averaged 5.19 percent compared last week when it averaged 5.47 percent.

18-Dec-08 30-yr 15-yr 5/1-yr ARM 1-yr ARM
Average Rates: 5.19% 4.92% 5.60% 4.94%
Fees & Points: 0.7 0.7 60.0% 0.5

These are the best rates and the best deals we’ve seen in years.  If you’re thinking about buying a home there are some great opportunities in the Boise real estate market and surrounding areas of Ada & Canyon County.

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  1. 30-Year Interest Rates Hit Record Low

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