30-Year Mortgage Rates Drop Below 4%

The 30-Year Mortgage is the most popular financing option for homebuyers today. And with Freddie Mac lowering rates to an all-time low of 3.94%, the amount of homebuyers taking out loans for purchase is expected to double, according to Inman News.

For those of you who aren't very familiar with Freddie Mac and the different types of home loans available, the New York Times features a great, comprehensive article I would recommend to anyone.

Check it out at http://topics.nytimes.com/top/news/business/companies/freddie_mac/index.html