Interest Rates in the Real Estate Market
Lately I have been talking about why is now the time to sell or buy real estate. Interest rates are never a guarantee in today’s market place. These last few months we have seen record lows of interest rates locking in at 3.25-3.75% on a 30 year mortgage. It is now June 27, 2013 and we are seeing these numbers climb.
Find out what's happening in West Des Moinesfor free with the latest updates from Patch.
As of earlier this week interest rates have been locking in right at 4% for a 30 year and 4.5% for a 30 year FHA according to Mortgage News Daily.
Find out what's happening in West Des Moinesfor free with the latest updates from Patch.
With inventory very low, if you are thinking of selling now is the time. Get the work done and get it on the market so you can in turn get a low interest rate on your next home.
Same goes for you buyers. If you are thinking of purchasing you first home, why not go ahead and get it while rates are still low but are climbing.