This morning interest rates on a 30 year mortgage hit a near 55 year low of 5.25* percent. Out of this world fantastic rate. Of course they slid back up to 5 1/2 later on but the point is that if you plan to stay in your home for at least 3-5 years and you have the financial wherewithal to purchase a home at a comfortable monthly payment, this is a great time to be looking.
Sellers — this means if I were you, and I were serious about selling my house, I wouldn’t take it off the market ‘for the holidays’ as so many people do — only to re-list it again in January and miss some of the most serious home buyers of the year.
This entry was posted
on Tuesday, November 25th, 2008 at 1:43 pm and is filed under For Home Buyers.
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