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Make yourself at home in the Tri-State with local Realtor Todd Nelson. Find out current market conditions in the area, what to do to prepare your home to sell, remodeling tips to maximize value, where new subdivisions are being built, about current interest rates and more.

Thursday, October 11, 2007

Interest Rates Still Are Great!

Almost daily we are bombarded with bad news in the real estate sector. I viewed a local mortgage company's website and noticed that their fixed interest rate on a 30 year mortgage with some restrictions was at 6.375%. That is very appealing when compared to about 6.875% on the same type of loan in weeks past. If you were on the fence about buying a home in recent days, the lower interest rate might help in making that decision a little easier. Contact your local lender or Realtor for more details on the current interest rate situation.