Interest rates over the last week have been L-O-W! We are talking the lowest in about 3 years.
One client building a new home locked in his interest rate at 4.5% for a 30 year fixed rate. This happened on January 22, 2008, the morning after the 3/4% cut by the Federal Reserve. Rates did rise later that day, but 5.5% or less has continued to be available.
It is time to buy a house! What are you waiting for, a rate increase?
No comments:
Post a Comment