What's your excuse not to buy real estate right now? It can't be blamed on high interest rates!

Just announced yesterday (JUNE 23, 2010) from the National Association of Realtors, interest rates are at an all-time low, under the 5% mark. So even though the homeowner tax credit expired, homebuyers can still save money on their mortgage.

According to Freddie Mac, for a 30-year conventional, fixed-rate mortgage fell to 4.89 from 5.10 in April. Even better news is that home sales are still on the rise as May did show a steady pace, so we are on the right path.

Let's keep the ball rolling!


Local Interest Rates

 

Michele Miller  508-281-2180  MicheleMiller@kw.com

 

 

3 Comments on HISTORICALLY LOW INTEREST RATES!

JUN
24
2010
970,022 Points 102 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I keep reminding my buyers about interest rates. I had a client 2 weeks ago get an APR of 4.69% locked and closed!
5:17pm • #1
823,374 Points 155 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

The rate is unbelievable, but I think many potential first time buyers just don't appreciate it.  They will kick themselves over and over in the coming years.
7:01pm • #2
2 Featured Posts Attended Rain Camp

Unbelievable rates!!  I just keep telling my buyers this is a great time with the interest rates low and prices too...I will be interested in seeing the stats for June-August when they come in and see if the tax credit had a significant effect on the sales and prices... Time will only tell the story, Jen
10:31pm • #3

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Michele Miller ~ Worcester County Realty Group

"BUY OR SELL WITH MICHELE"

Worcester, MA

More about me…

Keller Williams Greater Worcester

Address: 324 Grove Street, Worcester, MA, 01605

Office Phone: (508) 754-3020

Cell Phone: (508) 281-2180

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