Lower Prices + Lower Rates = Great time to buy!

Rates are dropping substantially as the government agreed to purchase $600 Billion of Mortgage debt issued by FNMA, FHLMC, and GNMA.  Rates on 30 year fixed-rate mortgages are averaging 6.04 percent, down from 6.14 previously.

Rates on other types of mortgages also fell last week. For 15-year fixed-rate mortgages, rates have dropped to 5.73 percent  while rates on five-year adjustable-rate mortgages fell to 5.87.

Buyers have been sitting  "on the fence" just waiting for the right time to buy. Now is the time! Many of my clients can save hundreds of dollars each month as a result of the improved interest rates.   

A year ago the nationwide average rate on 30-year mortgages held at 6.2 percent while 15-year mortgage rates were averaging 5.81 percent.

This is what we needed on the mortgage side of the equation to get things moving.  Let's get going, folks! Rates are down, prices on homes are down, and I am ready and waiting for your call! Let me help you find your next home, a home you will love! Please give me a call or email me. I'd be happy to assist you!

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Visit my profile to find out more about my services. Call me today at 561.214.3216 or 561.753.0135. Contact me by email if you prefer at LisaSchlitz@gmail.com.  To view all the Wellington Fl Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. I know West Palm Beach and will help you find and purchase your new home.

Copyright © 2008 By Lisa Schlitz, All Rights Reserved

The material herein may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law. Lower Prices + Lower Rates = Great time to buy!

Contact Lisa Schlitz for all your Wellington Florida Real Estate Needs at 561-214-3216.