Mortgage Rates Scream Buy...But Who Is Listening???

By
Real Estate Agent with Compass BRE# 01436605

Mortgage Rate are Screaming Buy...But is Anyone Listening?

Go the link below to read an article about the state of mortgage rates today!

http://news.yahoo.com/s/ap/us_mortgage_lending_where_s_the_boom

I just had to send off this link to an article I just read regarging mortgage rates.  Seems since the $8000 tax credit expired at the end of April, we've seen somewhat of a slowdown nationwide.

Great Homes At Great Prices To Be Had In San Franciso at 159 Caine Ave!

I guess the big question is are there enough qualified buyers to take advantage of the current interest rate environment.

Interest rates are fantastic.  Seems like a great time to lock in a super low 30 years mortgage.  What is happening where you are and where do you see the real estate market going from here in the next 3-6 months.  I would say flat at best.  What do you think?

Frank Castaldini   415.846.1899

San Francisco's Leading Realtor and Trusted Advisor

Comments (5)

Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

Happy Independence Day!

Jul 03, 2010 11:55 PM
Frank Castaldini
Compass - San Francisco, CA
Realtor - Homes for Sale in San Francisco

Hi Russell,

Thanks and same to you.  Here in Russian River for the 4th.  Great time.  Hope you've enjoyed your 4th as well.

Jul 04, 2010 04:58 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

We did great here. Prices continued going up and sales were up, too, over April. It confounded the experts, but then the experts have been confounded a lot in the past three or four years.

Jul 05, 2010 12:58 PM
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Frank ~  Unfortunately, the guidelines have tightened so much that so few qualify.  There has got to be a happy medium somewhere!

Jul 08, 2010 02:02 AM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Frank,

The higher interest rates forecast at the end of last year seem no where to be found. Perhaps consumers are learning to save money rather than spend. Even when rates are low. 

It certainly is a great time to buy a home, for those in the market to do so.

Steve

Jul 17, 2010 03:35 AM