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Tuesday, January 9, 2007

How low is your mortgage rate?

WALTHAM

Even in the warmth that this winter has brought, who wouldn't want free heating for their home?

Daniel Quaroni of Waltham says he got such a good rate on his mortgage that it's the same as getting his heating bills free.

"You’re talking about a couple of hundred dollars a month," Quaroni told the New York Times, speaking of the rate he got for the loan on his $650,000 house. "That definitely impacts the bottom line."

With the money the Quaronis save on mortgage payments, they're able to afford other projects around the house.

Mortgage rates across the country are low, the Times reports. And these rates are sustaining the housing market, even when the prices on homes are astronomical.

-- Adam Sell

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