Rent or Buy? Mortgage Rates Fall Again to 5.82%

Rent or Buy? Mortgage Rates Fall Again to 5.82%

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Maxwell Ryan
Aug 24, 2004

Buy. Refinance. Buy. With the economy looking better amidst conflicting economic data, rates dropped and the the 30 year rate dropped super low to 5.82%. As Bankrate puts it in "Rates down again, mortgage applications surge", "Long-term mortgage rates were even lower than this for the first three months of this year, so this is 2004's second refinancing opportunity." (via Bankrate) MGR

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