With our current economy and many people out of work, it is very important that interest rates across the board remain low, and with our current housing crisis, short sales and foreclosures, the banks want to encourage people to get into homeownership, and keeping the interest rates down is one giant incentive.
The rates for larger loans are also at their lowest levels - sitting around 5.5% - so imagine if you want to borrow $1,000,000 you could do so at an unbelievable rate!
It's a great time to buy, and to think about buying, prices are nudging up slightly but the interest rates are keeping it amazingly affordable for all who qualify, for more information contact me!
Jane LovedayWindermere Real Estate Agent619-519-1615 Cell
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