What’s Going Down in Real Estate? MORTGAGE RATES!
July 24, 2012
For the 17th consecutive week rates are going down. Who is taking advantage of the rates? HOMEOWNERS refinancing their current loans. You probably know several people who are refinancing right now, and there is enough “cheap” money to go around. As you can see from the chart, now is the perfect time to purchase a new home or investment property.
If you have recently considered moving up, downsizing or a rental property wait no more. If you want to move up or downsize, you can do that and keep your current home as a rental. If it is an investment property you are interested in you need to strike while the iron is hot! Inventory is going fast and we are seeing a decline in bank owned properties.
Sellers in Tacoma and around Pierce County are getting more and more for their homes as home values build slowly but surely. The days of buyers getting everything they want and then some are coming to an end.
If you would like more information on how you can take advantage of today’s low rates contact us today.