Mortgage rates - dropped! This is a great opportunity RIGHT NOW for smart buyers and investors! Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this week, according to Freddie Mac.This is a great opportunity for buyers.
With historically low prices, lowered interest rates and the $8,000 tax credit stimulus, make sure you don’t miss out. The tax credit stops at end of year. If you want to time this, you really should start your property search now to ensure you don’t get caught in the end of year crunch where other procrastinating buyers will be competing for the best properties and values. Contact my business partner, Mike Broadhurst, and me to set up a free, no-obligation consultation by phone or with a ---"GO TO MEETING" online. We can help you strategize how best to move forward. Here is a breakdown of mortgage rates (which upon request we can quickly update for you):
- The average on 30-year financing slipped to 5.2 percent from 5.32 percent a week ago.
- The 15-year mortgage declined to 4.69 percent, down from 4.77 percent.
- Five-year ARMs were down to 4.82 percent from 4.88 percent.
- One-year ARMs fell to 4.82 percent from 4.94 percent.
Call or send an mail me to set up a no-obligation consultation. This is an excellent opportunity for an easy online no hassle meeting -- you can be in your office or in your home - all you need is a computer to see the graphes and charts (that speak for themselves) and to talk with us directly with any questions or comments. Yvonne Broadhurst, ~The Waterfront Broker®, 866- 838-5660 (toll free), This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
