Friday, May 29, 2009

Interest rates low but rising.

This may very well be the time to buy, especially if you are obtaining a mortgage.

The bad news is that Interest rates are creeping up from an all time low in the 4.75% range to close to 5% due to unheard of Government borrowing levels.

The good news is this is Buyer's market! Right now inventory is bumping up and prices appear to be still dropping slightly. According to the RMLS, lock box activity is up over 13% in the last 2 weeks.

Give me a call today for a market overview at 541-999-0511!


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