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Mortgage at the rate of 3.99 percent

Toll Brothers, a Pennsylvania-based builder has started offering an unbelievable rate of interest for 30-years mortgage in an attempt to revive the falling state of real estate industry.

The 3.99 percent fixed-mortgage rate, which is the lowest in the industry, is being offered by the builder for a loan amount below $417,000. This is well below the national average, which is currently hovering around 5 percent.

Industry experts are hailing the move saying this is an innovative step and can show a fresh line of action to other industry professionals who have tried out everything from shaving prices to offerig free gourmet kitchens.

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