Thanksgiving Special: TV’s, Clothes . . . Mortgages

4.75% — Again

While everyone is eating Turkey and looking for flat panel TV’s on sale, interest rates have quietly re-touched their all-time lows: 4.75% (or even lower) for a 30-year, fixed rate mortgage.

That’s what supply-and-demand says should happen when soft demand meets ample supply (at least something in the economic realm is functioning normally).

If you missed your chance to re-finance earlier this year . . . take advantage now!

Unlike earlier this year, there’s no frenzy, which means a lot less hassle and delay.

P.S.: Of course, the other monetary phenomenon at the moment is bizarrely low short-term rates: effectively 0% for 3-month T-bill’s, and less than 1% for 2-year bills.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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