Interest rates are at a new low for 2012!
The
average 30 year fixed interest rate is now at 3.70%, and for a 15 year
fixed the rate is at an incredibly low 2.99%. As you may know, interest rates fluctuate constantly, so taking advantage of a low rate should be done swiftly. Whether you're looking to finance a home purchase or refinance your current mortgage, a call to a mortgage lender may be a good idea.
Regarding a home purchase or sale, rates are forecasted
to start climbing closer to 4.5% by year's end, and home prices
(depending on location), are expected to see a slight increase. Because
of this, we're seeing an increase in buying and selling activity in the
marketplace.
According to local MLS housing statistics for January through April 2012 in the Akron, Canton,
Cleveland, and Youngstown region, the average sale
price up 5.3%, total dollar volume up 22.4%. So, if you're thinking of making a move, the time may be now...
Feel free to Contact Me for more information.
No comments:
Post a Comment