One would think they can't get much lower than their current levels. As of this post, rates for 30 year fixed rate loans are hovering around 5% - about as low as they've ever been.
The graph below shows how rates have trended over the last 20 weeks. Note how rates have dropped by more than 1.25% since October 30th, even though rates at that time were at historically low levels.
As we noted in a recent post, we've noticed an uptick in buyer activity over the last two weeks. Not surprising at all given how far rates have dropped.
For more mortgage-related information, visit these links on the buying real estate page at DaneCountyMarket.com:
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