Freddie Mac Reports Lower Interest Rates

Lower Interest Rates for King County and Snohomish County.

"Mortgage rates continued to drift lower this week in large part because of the cooling in the housing market and in consumer confidence, thus giving financial markets reason to believe that economic growth will moderate and inflation will remain in check," said Frank Nothaft, Freddie Mac vice president and chief economist. "

The 30-year fixed rate mortgage averaged 6.44 percent yesterday, down from last week's average of 6.48 percent. This is the lowest the rate has been since the beginning of April 2006.

If you want to learn more about how the lower interest rates effect your buying power, contact me or visit my website. Here you can view all King County and Snohomish County real estate listings, get the current market value of your home, free reports and more.

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