Low Mortgage Rates Help Increase Activity - by Tom Brewer

Low Mortgage Rates Help Increase Activity Tarrant County homebuyers as wells those in other areas probably welcome the news that Freddie Mac’s interest rate on a 30 year fixed rate tied with the average all time low at 3.94%. The figure for 15 year fixed rate broke the previous record. These results were found during their Primary Mortgage Market Survey. These continued low rates have helped homebuyers get into homes. In fact, the reduced interest rate and homebuyer incentive programs have greatly helped in stimulating the real estate market. As more and more homes continue to be bought, lenders will continue to loosen their loan criteria which will, in turn, stimulate more Americans to buy a home. High activity among first-time buyers is great but increasing numbers of previous homebuyers are also on the rise. The real estate market recovery has been slowly but surely improving and is expected to perform even better in the coming year. Homebuyers interested in finding a home and getting the best deal for it should use the expertise of an area real estate professional. Please go to Arlington Texas Real Estate for more information.