Rates are lower this week. You should be excited about getting that new home or upgrading. This is one of the best opportunities for buyers. Remember you have until November 30th to take advantage of the First-Time home buyer tax credit. There are a lot of cute houses out there. Feel free to contact me to get on a special free search that give you a comprehensive listing of the areas you are interested in. Things have definitely picked up and the spring Real Estate marketing is moving fast.
“Mortgage Rates Drop Below 5%
Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 percent during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January. ”
Rates may fall even more according to financial experts. This is because of the Federal Reserves announcement that it will pump in $1.2 trillion into the economy to help the credit markets.