Dispite the depressed Real Estate market, the mortgage averaged 3.99% last week and has dropped from last years rate of 4.83%. “Mortgage rates were at or near all-time lows this week amid a rough environment for housing,” said Frank Nothaft, chief economist of Freddie Mac, in a news
release. . Many are saying the declining mortgage rates are due to the fear of a second recession in the United States. According to Freddie Mac, low mortgage rates will continue through mid 2012. Now is the time to buy and hold. We at Orlando Inland Realty are here to help you through your entire investment purchase. From purchasing the right home, to renting your home to the monthly management-call now to see how we can help you (407) 628-7296.
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