It seems like every week we hear about mortgage rates dropping. And if you've seen the numbers, you know that really is the case. Rates are at the lowest point since the 1950's, but where do you turn if you want to buy or refinance? Our Fact Finder team is looking closer at this.
Whether you are refinancing or buying a home, it really does pay to compare rates and look for creative deals.
It's been 60 years since mortgage rates have been this low. If you haven't taken advantage of it already, now is the time to at least take a look at how much cash you can save.
"In the late 70's, early 80's the interest rates were around, I think, 21 percent," said Remax Realtor Lisa Smessaert.
Smessaert is in her 26th year as a realtor and says low mortgage rates are driving up homes sales.
"I can see the difference. I can see inventory in certain areas not what it was before. There's not as much to choose from. And it's not just home purchases, refinancing continues to thrive," said Smessaert.