{"id":348,"date":"2012-02-17T18:38:30","date_gmt":"2012-02-17T18:38:30","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=348"},"modified":"2012-12-10T17:45:28","modified_gmt":"2012-12-10T17:45:28","slug":"record-low-fixed-rates","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/record-low-fixed-rates\/","title":{"rendered":"Record Low Fixed Rates"},"content":{"rendered":"

\"Low<\/a>Homebuyers have enough to stress over with everything that comes along with home hunting.\u00a0 Selecting a realtor, inspections, bidding and everything else that comes into play means even more to put onto your plate.\u00a0 Luckily, there is some good news for those of you looking to buy a home.\u00a0 Specifically if you select a 30-year fixed rate mortgage loan.<\/p>\n

We keep hearing that fixed mortgage rates are at all time lows but exactly how low are these rates?\u00a0 Well it seems that 30-year fixed rate mortgage rates have held steady at an incredibly low amount, so low that it has set the record for the entire 40-year history of the Freddie Mac Primary Mortgage Market Survey.\u00a0 According to the survey, 30-year fixed mortgage rates were held steady with an average of 3.87% for the week ending February 9, something not previously seen before.<\/p>\n

Even the 15-year fixed rate had set a record of 3.14%, which hasn\u2019t been matched before.\u00a0 As long as rates continue to stay at their current levels or even drop, that\u2019s some great news for those of you looking to purchase a home.\u00a0 Not to mention that unemployment has finally been dropping, currently down to 8.3% on a national scale.\u00a0 Even Michigan is slowly beginning to heal its wounds with unemployment now down to 10.5%, which isn\u2019t the greatest number to have but at least we\u2019re no longer in last place for unemployment.\u00a0 That title now goes to Nevada with a total 12.4% unemployment.<\/p>\n

Establishing yourself as a homeowner has been considered a fairly difficult task over the past few years and rightfully so as everyone and everything seems to have suffered.\u00a0 Even more difficult is being a homeowner in Michigan as we were hit pretty hard with the collapse of the automotive industry that occurred.\u00a0 Riverbank Finance<\/em> is here to help in anyway we can though if you\u2019re looking to purchase a home and take advantage of today\u2019s record low rates.\u00a0 Our certified lone-officers will not only aid you in figuring out a mortgage but we can also connect you with some great resources for homebuyers.\u00a0 Just give us a call at 1-800-555-2098.<\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers have enough to stress over with everything that comes along with home hunting.\u00a0 Selecting a realtor, inspections, bidding and everything else that comes into play means even…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,305],"tags":[169,168,172,171,170],"class_list":["post-348","post","type-post","status-publish","format-standard","hentry","category-first-time-home-buyer","category-refinance-2","tag-15-year-fixed-rate","tag-30-year-fixed-rate","tag-michigan-home-loan","tag-michigan-mortgage-rates","tag-record-low-fixed-rates"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t