If you missed your chance this past Spring, now is the time to take advantage of record low mortgage interest rates. They're now a full percentage point below this time last year.
Rates for 30-year mortgages averaged 4.78 percent last week, down from 4.83 percent the previous week and equaling the record low this past April.
While rates are low, credit standards remain tight, so you'll need good credit and a 20% down payment to qualify for the best rates.
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