I am going to be purchasing a home within the month and was hoping that the 4% rate was going to be in effect. Any ideas if and when this might happen?What is going on with the 4% mortgage rate?
The 4% rate was a proposal by some members of Congress to get the economy stimulated. It was rejected in the final bill. It may reappear if the current spending does not revive the economy..What is going on with the 4% mortgage rate?
A few new home builders are offering a 4% or less 30 year home mortgage rate.
Right now you can get a 5 to 5.5% with good credit.
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