As was anticipated, with the Fed action yesterday, the rates took a dramatic drop to the 4.5% range (for exact rates click here: http://www.netcentralmortgage.com/pages/rates.html ). Rates were as low as 4 3/8 for a 15 year mortgage today. Expert say though that this may be the bottom in interest rates because there are fewer lenders in the marketplace now (see Wall Street article -3/20/09)
With the vast selection of properties on the market, the $8,000 tax credit for first time homebuyers and now the even lower rates, many smart buyers are using this opportunity to step up to the plate and buy. In the past 2 days alone we had eleven offers accepted. A number of buyers that were fence sitting are setting up appointments to view properties in the next few days.
If you are in the market to buy, call the central office at 414-258-7778 and we will direct you to one of our very experienced agents that specializes in the area you are looking
No comments:
Post a Comment