January 21, 2008
Lower Interest Rates
Reported by T.A.R.R. (Triangle Area Residential Realty), the national average in December 2007 for a 30 year fixed rate mortgage was 5.54% compared to 5.74% in December 2006. The national average for a 15 year fixed rate mortgage was 5.05% compared to 5.5% in Dec. 2006.
