Rates for 30-year fixed-rate mortgages averaged 5.04 percent this week, down from last week when it averaged 5.16 percent, said Freddie Mac today. Last year at this time, the 30-year FRM averaged 6.04 percent. The 15-year rate this week averaged 4.68 percent, down from 4.81 percent. A year ago at this time, the 15-year FRM averaged 5.64 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.04 percent this week.

Couple this with low prices and motivated sellers and you've got yourself what's known as a Buyer's Market. If you don't buy in a buyer's market, when do you buy? That's right, in a Seller's Market! And who wants to do that!?!

To learn how to take advantage of this market, call us at 360-609-6775 or visit the "Contact Us" page at www.MyRealtorIsJamie.com. We are here to help!