This week's average rates on 30-year fixed rate mortgages dropped below 4% for only the second time...ever! The 3.99% average is only slightly higher than the 3.94% average rate recorded just four weeks ago.
And between the low interest rates and low home prices, the National Association of Realtors' housing affordability index is also at its 3rd highest reading. Low Tucson home prices, coupled with the low interest rates are helping a lot of first time buyers get into Tucson homes. Click the link below for more information on the low interest rates.
Realty Times - 30-Year Fixed-Rate Mortgage Averages 3.99 Percent