Feedback at 5:00: Record Low Mortgage Rates - Northern Michigan's News Leader

Feedback at 5:00: Record Low Mortgage Rates

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Mortgage rates hit new record lows this week.

The average rage for a 15 year fixed loan fell to 2.56 percent while the fixed rate for a 30 year low is currently at 3.35 percent.        

Experts say the low rates have helped boost the housing market recovery which began last year.

Home prices and sales are rising and construction is up.

In tonight's Feedback at 5:00, we want to know with the improving economy and lower rates are you planning on buying a new home in northern Michigan soon?