Q: We keep hearing everywhere that interest rates are "historically low," but no one I know seems to be able to qualify to get the 4.4 percent we keep hearing and reading about. How do you qualify to get the lowest rates? What do you advise a financially fit person to do to increase her credit score or make herself a more attractive buyer? A: As I write this, 30-year fixed-rate mortgages are right around 4.44 percent. Last week, the Fed announced that it plans to keep the rates at which it lends money to the banks at nearly zero for the near term, so banks will keep mortgage and other lending rates very low, encouraging consumers to buy homes and make other major purchases. But, to your point, all the news stories in the world about low interest rates and the explanations of why they're low do nothing to help you understand how to qualify for the best rates! While it's true that these rates are out there, many of the people who have the financial credibility to ...
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