Interest Rates in Gig Harbor Are On The Rise!

You heard it here first! The Interest Rates are on the rise in the Gig Harbor area. I knew it was bound to happen, but it is officially here. I got an email from Kelly Maves at Sterling Savings Bank this morning and they have gone up to 5% for a 30 Fixed Rate. That is up an entire point since just a couple months ago.

interest rates on the rise

 

This is dramatically going to effect the Buyers out there who have been putting their home purchases on hold thinking the market was going to get down. The recovery is here in Gig Harbor now. The interest rates are not going to get any lower. This is it. Our home prices have steadily been falling since the end of July. Not by a lot, but falling none the less.

So if you are still in the market to purchase a home in Gig Harbor, and you were waiting for the bottom to hit, then you have already missed the bottom, because it's already on it's way back up. There is still time because 5% is still a great rate for a mortgage. Add that to low home prices and you will still get a steal of a deal.

If you are ready to make your home purchase then contact me today! www.staciasellshomes.com

 

Stacia Whatley

Hawkins-Poe Inc.

REALTOR®

253-426-8785                                                                                                                         

staciawhatley@gmail.com  

www.staciasellshomes.com    

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This post has been included in Washington Real Estate News Pierce County, WA Real Estate News Gig Harbor, WA Real Estate News
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3 Comments on Interest Rates in Gig Harbor Are On The Rise!

DEC
20
2010
339,755 Points 9 Featured Posts Called Shot Master

Stacia, this is good advice for buyers! If the interest rates go up another point, that is about the equivalent of a $10,000 price increase of the home!

GO BUY A HOUSE!
9:58pm • #1
865,945 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

I am glad you are getting this message out.  I think a lot of buyers may miss this opportunity to purchase before interest rates continue to rise.
10:01pm • #2
118,181 Points 4 Featured Posts Outside Blog

Don - It is THE time to buy a home! Get out there Buyers!

Joan - Thank you for the support. I know there will be a lot of buyers out there unhappy with themselves if they don't take this opportunity. :)
10:14pm • #3


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