That is a question that that I hear a lot in today’s market. The first things someone says when they find out that I am a Real Estate agent is; “How is the Market?” and “What are the interest rates?”
Really it is an excellent time for buyers to sweep up on properties that have lost value or foreclosures, other bargains properties, or properties that have been sitting a while.
Best of all an affiliate Mortgage company just sent me the rates for today:
30 Year Fixed – Conventional, 5.375%, O points
(Keep in mind rates are subject to change based on market conditions, credit score and LTV).