Average 30-year loan rate ties record: 3.94 pct.

Posted on: Thu, 12/15/2011 - 16:43

TrustPoint

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Average 30-year loan rate ties record: 3.94 pct.

Match mark set in the fall, yet few are able to take advantage to refinance.

Read the whole story here:

http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/

As a commentary, in this environment, this is not good news as it means the "smart money" thinks the economy is going backwards.

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Average 30-year loan rate ties record: 3.94 pct.

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