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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, December 20, 2007

How are the interest rates?

Fixed interest rates continue to remain steady in recent dayds. A local mortgage broker quoted around 6.25% on a 30 year mortgage. Fixed interest rates actually dropped recently below 6% on a 30 year fixed interest rate mortgage before edging back up to around 6.25%. Check with your local lender about their interest rates and various programs for more details.