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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.

Tuesday, September 28, 2010

Can you believe the interest rates?

The interest rates are incredible! A local lender was quoting a 30 year fixed interest rate at 4.125% on a conventional loan today. This lender was also quoting a 15 year fixed interest rate at 3.75% on a conventional loan. I do not remember conventional loan interest rates for home purchases being this low in the nearly 12 years that I have been in the real estate industry. With interest rates this low, it is like homes are on sale right now. It is an awesome time to buy a home. If you should have any real estate related questions, feel free to email me at todd@toddnelson.com.