Mortgage Monday: Rates Are Still Low

Rates Are Still Low.

Still waiting for the rates to get any lower? Your wait is over. The rates are as low as they are going to get and have even posted a slight rise. Make an appointment with your lender or mortgage broker and get pre-approved for that home loan.

Let’s look at the market again shall we? Rates are the lowest they have been in 40 years. Home prices are at an all time low as well. The number of homes for sale have decreased to the point that we have only 4 months of inventory. Less to choose from usually means that there will be multiple offers on a home. The market is poised to become a sellers market and the price you pay could be higher then last year or even a month ago. The entire housing market is starting to recover and you are still on the side lines.

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