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Buyers: Opportunity calls! Got your bat?

Come on buyers step up to bat!

Mortgage rates slowly rising -- opportunity calls: Mortgage rates are slowly rising, as predicted by analysts. As of October 1, the average rate for a 30-year fixed-rate mortgage was 6.42 percent with 0.5 points (fees), according to Freddie Mac, a major government-sponsored buyer of existing home mortgages.

Last year at this time, the average rate was 6.31 percent.

Here's the good part: Fortunately, rates are still at historically low levels, thus providing excellent financing options for today's home buyers - particularly those with good credit histories. Many are making strategic decisions to buy and finance a home now before rates climb higher. Also, they can now choose from many home offerings, and the owners are open to negotiation on price and terms.

The Mother and Daughter Realty Team @ Evolve Realty Group 866-750-8282

Posted by Rosemary Brooks -Mother & Daughter (866)-750-8282 on 10/02/2007 11:54 AM

Comments (10)

buyers, real estate, evolve, mother and daughter realty team, rosemary brooks

Originally posted at: Mother & Daughter Blog: Buyers: Opportunity calls! Got your bat?

This post has been included in California Information San Joaquin County, CA Information

10 Comments on Buyers: Opportunity calls! Got your bat?

OCT

2007

Rates are good, but I am having a hard time telling people to step in now because I am on the sidelines waiting for some good oppurtunities.

Jason, I hear you. I think everyone is hesitating to see what the real deal is.arkurba

OCT

2007

The "good part" is what consumers need to hear. There is so much attention being paid to the negatives of today's market that few are hearing the plus side.

Rosario - so true. That's why I made sure I included that part. The word will get out I am sure.

OCT

2007

Rosemary-Doesn't matter what kind of market it is....it's always a good time to buy and I wish the media would present that....Rates are awesome compared to 10 years ago... Wouldn't you rather pay a mortgage than a landlord? thank you for commenting on my post...trying a new approach...so far its working..

Midori - I totally agree with you of course, and I know it is easy to say its better than it was 10 year ago, but I also try to be real about what is going on these days and I understand the hesitation, I just hope it won't last much longer. This is a good time in comparison, but its a bad time in real time. I think once we get the education out there of the new rules of the game and the opportunites that are out there.... we will get our anxious buyers back. This to me, is a learn curve for us all. Thanks for your comments and have a blessed day.

Positive News! Thanks for this post, Rosemary!

Mike in Tucson

People waiting on good opportunities may very well be kicking themselves later on. There are good opportunities now. I can't understand why people don't get this. Rates are still unbelieveably low. Does anyone remember when rates were double digits!?!

OCT

2007

Mike - yeah good news is always great to hear.

Donna - I hope they wake up soon.

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