Mortgage rates at lowest point in 29 years
Mortgage rates fell last week to the lowest level on records dating back to 1971. These low rates give consumers and added incentive to lock in low payments for refinance loans and home purchases. The average rate for 30-year fixed loans sank to 4.69 percent, and 15-year fixed-rate mortgages fell to an average of 4.13 percent. If you are considering purchasing an investment property, now is a great time with the current rates. Naples, Florida real estate continues to get good reviews from Forbes, Yahoo, Naples Daily News, and more.