Interest rates are still at a 40 year low. We are having a successful September with more home purchases than we’ve seen in the past couple of years. Many past clients are calling in to try to take advantage of the current extremely low interest rates.
News 09/11/10: Purchase applications hit their highest level since the end of May of 2010, but home-buying activity is still way off of levels seen earlier this year, when tax credits juiced sales. Applications are also around 40% below the level recorded one year ago, when prices were lower and a tax credit was also…Details
“Persistent worries about the global economy are roiling the stock market, but they also are proving a boon for borrowers.” If borrowers are able, now is a rare opportunity to obtain extremely low interest rates on home financing. Per Prabha Natarajan and Matt Phillips in today’s WSJ, read more