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If you purchased your home when rates were higher and you have not refinanced into a lower interest rate, you remember when 6% was a great interest rate. It’s not now. The average interest rate on a 30-year fixed rate mortgage has recently jumped from 5% to more than 5.3% and home buyers in [...] MSNBC.com reports in, Home sales tumble as first-time buyers back off, that sales of previously owned homes fell more last month (December 2009) than in any other month in the last 40 years: 16.7% according to the National Association of Realtors. However, for the first time in the last four years, home sales actually [...] |
 
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