Mortgage Rates Return to 2010 Low

Mortgage rates reached an averag of 5.07% in the past week. That number is down from 5.21% versus a year ago and 5.21% versus last month.

Following the end of the homebuyer tax credit on 4/30/2010 this is great news for the future of the market.  Continued low priced on properties coupled with great loan rates make an ideal market for those consumers serious about buying a home.

In the Houston area, this means great things with our market holding strong as the #2 metro for borrowers in the nation.