WHEN THEY START GOING UP!

By
Real Estate Agent with The Diamond Group @ Keller Williams

When do I know that interest rates have hit bottom?  The same time you know the market has hit bottom

WHEN THEY START GOING UP!

 

I got an email from a consumer the other day and they asked me to cut the hype and asked 'Are interest rates really that good' Let me put this into perspective, My dad had a ranching loan in 1956 at about 6%, 1978 interest rates were between 18-21%, and in the hot markets of the late 90's early 2000's we saw 7-9%. So what do you think of 3.25% for 15 years and 4.25% for 30! YES THEY ARE GREAT!!!

Posted by

The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424

 

806.771.HOME (4663)

thediamondgroup@kw.com

www.lubbocktxhomes4sale.com

 

 

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Comments (7)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Elizabeth:

Nice post. Good info. Hope you have a super week.

Aug 30, 2011 10:15 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Elizabeth: If you, the buyer, is able to get such a loan, go for it. Properties are certainly well below anything we've seen for a long time as well. Investors are snapping them up. That should be an indication of a "good buy". Thank you for this blog.

Aug 30, 2011 10:25 AM
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Buy, Buy now because the rates are just as low, low as they will get.  I sold homes during the painful 19% interest rate time period.  You are right, we will go up!

Aug 30, 2011 02:47 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Elizabeth,  Yes they are great!  In fact, they are incredible! :)

Aug 31, 2011 06:18 AM
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

thanks for dropping by and commenting Alan and Michelle.hope your week is super too!

Hella, it's crazy to think that loans can go for less and even if they do grab the brass ring NOW!

Connie, yes that was an agonizing market, hope not to see that again

Incredible is the word to best describe our time, right now....let's all go get our unfair share

Sep 01, 2011 01:56 PM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Elizabeth, I'm amazed that people still ask that question! Rates are incredible right now!

Sep 02, 2011 02:56 AM
Jessica Holtzman
Keller Williams Realty, Inc. - Moorestown, NJ
Real Estate Agent in Southern New Jersey, CDPE

I love your real estate photo! Great idea to incorporate the sign!

Sep 02, 2011 02:49 PM

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