Mortgage rates hit lowest record ever recorded

Mortgage rates are still making headlines, and for good reason.

The average 30 year fixed rate recently hit 3.87%, which is the lowest 30 year fixed rate on record (records go back to the 1950’s).

Economists hope that low interest rates, coupled with prices that we haven’t seen since 2002, will lead to more sales and a rebound in the housing market in 2012.

For more information on these record rates, check out the MSNBC article, HERE.

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