Mortgage Monday: Rates Are Still Low

Rates Are Still Low.

I just checked the rate board at Windermere Mortgage located in my office in Burien, WA. The posted rate for a 30 year fixed is 3.90%. Rates seem to be holding at around 4%. Get your rate locked in and find that home you always wanted to buy. These rates will not last and a jump of 1% is significant. Not in the amount you will owe on a monthly basis, but in a decrease in your buying power. Prices are still at rock bottom and rates are great.

Inventory in South King County is decreasing and the market is showing signs of an increase in prices. Sales are starting to increase as can be seen from the Trend Graph that Windermere publishes. To see the latest in Trend Graph click on this link: Trend Graph for Burien,Des Moines, Normandy Park, SeaTac and Tukwila

 

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