Interest Rates Continue to be LOW!
Mortgage rates are still amazingly low. Look for 4.25-4.5% for a 30 year loan and 3.625-3.75% for a 10 or 15 year loan. These rates, combined with already low prices in many locations, makes for a great time to buy homes. Foreclosures and short sales also are creating opportunities for home buyers but can take months to occur and can be frustrating. In my next post, I will share a recent short sale experience.