Saturday, May 14, 2011

Mortgage rates at 2011 low, but many won’t benefit

According to a recent AP article, mortgage rates are at a 2011 low and could soon near last year's record lows but this is tempered by the reality that many homeowners are unable to sell their current homes because of underwater mortgages and depressed prices driven further downward by foreclosures in most major cities.

Mortgage rates at 2011 low, but many won’t benefit