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Mortgage rates hit new record low!

September 27th, 2012

As unbelievable as it may sound, mortgage rates have hit yet another record low!

Freddie Mac announced today that  30-year mortgages are hovering around 3.40 percent Рa new record low rate. At this time last year, the 30-year rate was about 4.01 percent.

The dip in rates is the result of the Federal Reserve’s new stimulus, which is intended to spark the housing market.

Pending home sales are down a bit from July, but they’re still well above the number in August of 2011.

Call Acadia Lending to ask about buying or refinancing today!

 

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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