30-Year Fixed Rate Mortgage at 4.01%

This 30-year fixed rate mortgage fell to 4.01% last week. That makes the financing of a home more affordable than it has been in most of our lifetimes. For those interested in becoming landlords, the combination of the low interest rates and the lower housing prices and rising rents (projected to increase 4 percent in 2012) make now a very good time to get into that business. Furthermore, with interest rates so low money that is sitting in the bank is making very little in interest. Right now it is smarter to put your money to work rather than keep it in a bank.