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RSS FeedGood News For Everyone |
Aug. 20, 2006
The 30 year mortgage rates have now declined for four straight weeks! They finished this week at right around 6.5% on average, nationally. If you're a buyer, that's great news as housing continues to get more affordable! If you're a seller that's great news as some of those buyers sitting on the sidelines are going to be thinking about locking in these rates before they go back up!
Obviously none of us has a crystal ball, but it wouldn't surprise me to see a slight bump over the next couple of weeks in contracts written. In fact, if interest rates continue to fall, or even just hold steady, that could last more than a couple of weeks!
Keep your fingers crossed for no bad news on the inflation front!
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