Friday, August 13, 2010

A quick word on buyers and sellers--
For those of you considering selling, while it is true that prices continue well below their highs of a few years ago, they continue, on average, to rise slightly. It remains very much a case by case situation, and it is true that some home price have dropped in recent weeks. However, the overall direction of the market continues up at a very gradual pace. No skyrockets here yet.

On the other hand, if you're a buyer, mortgage rates continue to set new records by the day it seems. As of yesterday, 30 year fixed rates hit a new low of 4.44%, while the rate for 15 year fixed loans also hit a new low: 3.82%. What better reason to jump on the bandwagon and become a homeowner!


Give us a call. We'd be pleased to help you in any situation!


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