By Aaron Gallagher
(Green Street Realty )
Interest rates on fixed-rate home loans fell again this week on weak housing prices and consumer spending, Freddie Mac said Thursday. The government-sponsored loan buyer said the rate on a 30-year fixed-rate loan fell to an average 5.96 percent for the week ended Dec. 6. That was down from 6.10 percent a week ago. At this time last year, the 30-year fixed-rate mortgage averaged 6.11 percent. It has not been lower since the week ending Sept. 29, 2005, when it averaged 5.91 percent. If you've been waiting to buy that first home or move up the time is right. Please call with any questiions and lets make 2008 the year you buy a new home!