Sonoma Coast Real Estate is a forum for discussion on what's happening on our beautiful coastline. While real estate is the core topic, anything that happens on the Coast affects it so feel free to discuss whatever is important to you and eventually we might actually evolve this forum into something specific. If you'd like to discuss any of this in real time, please contact us directly at at info@coastalagent.com.
03 April 2009
Mortgage rates drop to record low
Rates on 30-year, fixed-rate mortgages averaged 4.85 percent for the week ending March 26, following an announcement by the Federal Reserve that it is launching a new effort to assist the U.S. housing market. The rate marked a record low in the history of the Freddie Mac survey. The previous low was 4.96 percent set during the week of Jan. 15.
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