Are You Being A Mugwump In Middleton Wisconsin?
Answers.com provides this definition: "Sitting on the fence" is "mugwump" - someone who sits uselessly "on the fence" of indecision, with their "mug" on one side and their "wump" on the other side.
- Loan rates have been slowly rising lately. We may have hit the bottom and are on our way back up.
On November 12, 2010, a 30-year Fixed rate was 4.375%
On November 17, 2010, 30-year Fixed rate was 4.625%
What if it goes to 5.125% in the near future? I do not have a crystal ball, but is that not a logical possibility? Let's just say that you take out a loan for $225,000. That would then be a mortgage of $1,225,10 which comes out to $101.71 per month more than if you had locked in at the rate on November 12.
- Sellers are very motivated.
- There is lots of inventory.
37 homes between $199,000 and 299,900; 22 from $300,000 to $399,900; 26 from $400,000 to $499,900
If you are looking to purchase a house in Middleton or the Greater Madison area, choose someone who lives in and loves the area. Call or text me and we can chat about your real estate dreams and goals. Finding the right house requires the right agent! Let me introduce you to your next home.