Spring is of course the time when more people begin looking for homes than any other, at least in Minnesota. Especially if you're a young man thinking of low interest rates, many affordable homes available, and $8,000 in pocket money when tax time comes next year! Oh, to be young again, and free!
You do have to be a first-time home buyer to qualify for that eight grand, but still. Happily the government defined s first-time home buyer as a person who has not previously owned a home or a person who has not owned a home in the previous three years! Very nice.
And what's the latest in loan (mortgage) rates? If you're in the Mankato area with good credit, rates less than 5% are available. Here's a link to find out more: http://www.bankrate.com/ (Check the national overnight averages, or plug in your zip code to get more localized information.)
As far as the number of homes goes, well, there was a page and a half of foreclosure notices in the paper this morning. Even though there is talk of the economy picking up in some sectors, it looks like there will still be a steady stream of foreclosed homes coming onto the Mankato real estate market, in addition to all the homeowners who simply want to sell for reasons of their own. There's no lack of homes to choose from!
Visit my website: http://MankatoHomesOnline.com
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