Mortgage Rates for Danville and San Ramon real estate Fall, Extend Record Lows

The following Wall Street Journal article highlights what we have been tracking since the European Union came out with their economic woes. And that is record low interest rates. The rates are now the lowest ever since Freddie and Fannie have been tracking them. This makes for an interesting opportunity for those wishing to purchase Danville real estate or San Ramon real estate. In fact because of the low prices and low interest rates it has created a bit of a perfect storm for home buyers. While we have seen the number of foreclosures drop in the Bay Area, we have seen the number of short sales increase.

Mortgage Rates Fall, Extend Record Lows – WSJ.com.