Mortgage rates hit 6-month low - 2004-01-22
U.S. mortgage rates decreased as signs of inflation stayed dormant in the world's biggest economy, which should keep rates affordable for the first half of the year, according to mortgage finance firm Freddie Mac.

The 30-year mortgage fell to 5.64 percent from 5.66 percent last week with 0.6 of a point payable up front. The 30-year averaged 5.91 percent a year earlier. It's the lowest rate for the 30-year since last July 11.
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Low Mortgage Rates Indicate Increase In Home Buying - 2004-01-22
Sunday is devoted to moving for Jim Demarest, and he's still handling last-minute details in his new house. "We needed to upgrade a home,” he said.

As for Demarest, he is happy he bought his home when he did, and said that decision was a good one for his mortgage and his wallet. "Anytime you can cut your mortgage payment down from a 30-year obligation to a 20-year, you save an incredible amount of money," Demarest said.
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