Mortgage Rates fall Again!!!
By Kirk Mulhearn
(Prudential California Realty/Gem Mortgage)
Mortgage Rates fall again Long Beach,Ca. For the third week in a row, 30 year fixed mortgage rates have fallen to record lows while borrowers take advantage and have been making refinance applications soar to the highest levels since 2003. While the Federal Reserve is about to start directing hundreds of billions of dollars into the hard hit housing market, rates have continues a nine week slide. Current rates are at an all time low since Freddie Mac started to report back in 1971. These fantastic rates are a great opportunity for borrowers with high credit scores and good job incomes ton lower their mortgage rates and save up to hundreds of dollars a month. However, considering that across the board, real estate values have dropped approximately 48% in Southern California over the...