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Now is a Great time to Buy!

January 10, 2008

This (good!) news from CNNMoney.com:

Patty Cunningham

Coldwell Banker Preferred

610-429-4400  

NEW YORK (CNNMoney.com) — Mortgage rates dropped this week on weak economic data, sending refinancing activity higher, Freddie Mac reported Thursday.The government-sponsored loan buyer said the rate on a 30-year fixed-rate loan averaged 5.87 percent for the week ending Jan. 10, down from 6.07 percent last week.At this time last year, the 30-year fixed-rate mortgage averaged 6.21 percent.

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