Mortgage Interest Rates Lowest of the Year

Just caught earshot of this article on NPR indicating that mortgage interest rates are at their lowest level of the year. According to the story, the national average for a fixed 30-year loan is 4.63%, which is really phenomenal. In other real estate news, foreclosures are slower than last year, but this is attributed to delays in processing and not necessarily a recovery. So, a balance of good and bad news. Foreclosures are still a problem, but rates are low and the buyers are coming out.

About the Author

Sarah Snodgrass is a residential real estate agent specializing in Kansas City's historic neighborhoods and enclaves.

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