Friday, December 19, 2008

Interest rates drop again

Thinking of refinancing or even buying a home? Now is probably going to be the time to do it. Even though we have heard many "experts" talk about the federal government artifically lowering them to 4.5%, don't count on it. There is too much debt currently outstanding for that to happen. Most experts agree that interest rates will continue to hover around 5-5.25% for a little while and then maybe trend up slightly. Interest rates are at near historical lows and sellers are giving great deals still. If you are contemplating a refinance or a purchase, this might be the window of opportunity for which you are looking.

Merry Christmas & Happy New Year!!

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