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I'm planning to buy all cash, but I've seen 3.25% as recently as last week for 30 year conventional with 20% down.
You won't see 0%. Fed isn't going to pay banks to borrow money. I really do believe this is rock bottom rates considering how cheap money is, and they'll stay this low for a year or so. Fed promised to keep it there till 2014. After that it's probably going to go up.
I'm planning to buy all cash, but I've seen 3.25% as recently as last week for 30 year conventional with 20% down.
Same here. In reasonable parts of the country, I can swing it. In Cali - not so much.
2.6% for a 15 yr. ?
3.3% for a 30 yr. ?
This is according to bankrate.com.
We'll be seeing 0% soon. I remember a couple years back when rates were 4.25% people were lining up.
Just more stupidity.