I just wanted to write a quick article about the current interest rates since many people didnt realize that Sellstate Realty First is also a MORTGAGE LENDER IN ROCKLIN CA ALSO. The interest rates have gone up a quarter percent in the last week and a half. It looks like when the rates dropped below 5% that was another low of the year as they didnt stay there for long. If a person's loan was approved today without any conditions they could get a INTEREST RATE OF 4.625% for 2 points. You could also lock in at 5% without any points on the 30 yr fixed rate. I am amazed that a person could get a 15 yr fixed MORTGAGE INTEREST RATE at 4.25% for a point and a half now.

The great thing about interest rates being so low is that a person can BUY A NICE HOME IN ROCKLIN OR ROSEVILLE for 250k and their mortgage payments would only be $1700.0 per mont for p.i.t.i. That is with just 3.5% down on a FHA LOAN. I think the other incredible fact that many people dont realize is that an investor can BUY A HOME IN SACRAMENTO for 70k to 80k and get a renter for $1100.0 per month. Their payment on a 10 YEAR MORTGAGE is just $750.0 per month. They would have a net positve cash flow of $250.0 per month along with the fact that the home would be paid off in 10 years. These kind of sales are happening fast now because the expienced investors are buying these homes within days on the market.

If you want to search all the listings from Rocklin to Sacramento, please go to www.rocklinsacramento.com   

 If you want to find out what is going on in our real estate market, then please go to www.rocklinsacramento.blogspot.com