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.
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