The Real Estate Blog

Mortgage rates down-- why not buy now?

August 5th, 2011 5:11 PM by Wendy Thomas

This past Thursday, rates fell to an average low of 4.39% for a 30 year loan, while a 15 year fixed mortgage fell to 3.54%.  With rates low, and a large inventory of great houses on the market at great prices, it's the time to buy now!  Want more reasons to buy? Read on...

According the the Charlotte Realtor Association, home, prices in June were up 3.5% from May.  Does that mean that home values are on their way up in our area?

Fannie Mae and Freddie Mac mortgages will lower their loan limits as of October 1st, so buyers should be ready to buy within the next 30 days in order to close by Sept. 30th, if concerned about the lower limits.

Need more reasons to buy now?  Call me and let's talk about your options. I can refer you to a loan officer who can help you determine how much you can afford, and we can get started!

Posted in:General
Posted by Wendy Thomas on August 5th, 2011 5:11 PM


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