Okay Gang... Interest rates hit a NEW LOW!  Are you ready to buy NOW or what?  I can't imagine still sitting on the fence.  I remember when the rates where in the mid to high 6s a couple years ago and builders weren't discounting their lots or homes and communities were selling out quickly and the good lots were gone FAST.

Now, builders are dropping prices, offering crazy incentives and you can borrow money in the 4% range..... and the buyers are still scratching their head, Should I buy now?

Here is the latest mortgage news:

For the 30-year it was the fourth time in 2009 that a new record has been established.  The survey, which covers the week ended April 2, reported that the average interest rate on a 30-year fixed-rate mortgage (FRM) was 4.78 percent compared to the previous record low set last week of 4.85 percent.  Fees and points were unchanged at 0.7 point. 
 
Weekly mortgage applications advanced for the fourth week in a row, according to the Mortgage Bankers' Association (MBA). The MBA reported a 3 percent week-over-week increase in applications.

Derek Gutting

The Gutting Group, Keller Williams Realty

317 846-4888 direct