Mortgage Interest Rates Hitting Some Lows!

Even though the tax credit is gone buying a home with the interest rates this low can really reduce that mortgage payment. So you could buy more house for the same payment or buy a home at the price originally considered and walk away with a lesser payment.

At this moment, a "well qualified" buyer could possibly get a conventional 30 year fixed rate note at 4.5% or an FHA 30 year fixed note at around 4.4% or less...check with your favorite lender to verify rates.

This could be a great time to refinance your home as well. A good rule of thumb would be for the new rate to be at least 2 percentage points lower than your current rate.

For more information or a free San Antonio home search go to www.HollyGHomes.com.