Real EstateUncategorized July 18, 2012

Rates are in the 3’s!

Have you heard?  Rates are at an all-time low again, this time in the 3's!  Attached is a chart that provides evidence of current historic rates. For buyers, this means you can buy a little more house or it may mean that you can save a few dollars if you stay at your chosen shopping price.  But don't delay – inventory continues to shrink and sales volume is rising.  The good news for sellers is that this means you can "dig your heels in" a bit and hold to your asking price (provided it's in the range of where you will appraise).  But negotiate wisely, as appraisal value doesn't always match market value.  Let the negotiating fun begin!