Mortgage Rates Set New 2011 Low...And Home Prices are on the Rise

Mortgage rates have continued their decline and have set yet another 2011 low, according to the Wall Street Journal.

A decrease in new jobs has caused the mortgage rates to fall to the lowest point of the year. The decline in fixed rates represented the eighth-straight weekly fall.

This is a result of the statement by the Bureau of Labor Statistics this week that employers did not add nearly as many private-sector jobs as they expected.

Freddie Mac’s most recent survey shed light on the lower rates, and the downward trend is continuing.

Contact me to see if you can take advantage of these low rates.

Here is an article from realtor.org on the predication on why home prices will rise...

http://www.realtor.org/rmonews_and_commentary/economy/1106_economy_homesales