Interest rates are at a new low for 2012!
The
average 30 year fixed interest rate is now at 3.35%, and for a 15 year
fixed the rate is at an incredibly low 2.70%. 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, low rates are causing higher buyer demand. In
addition, there are fewer homes for sale than there were a year ago,
causing home prices
(depending on location), to increase.
According to the local MLS
housing statistics, single family home sales are up 5.5% from last
September. Year to date sales are up 14.1%. Average sale price are up
3.8%, compared to last September. Year to date
average price is up 5.6%.
So, if you're thinking of making a move, the time may be now...
Feel free to Contact Me for more information.
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