Wednesday, November 24, 2010

How Low Can They Go?

Though they've crept up in recent weeks, mortgage rates remain at ridiculously low levels (I've seen quotes for 30-Year Fixed Mortgages at 4.39% this week; and 15-Year Mortgages at 3.76%), meaning now might be the perfect time for you to buy a new house.

I am a Realtor with experience dealing with residential and farm properties in the Willmar area. The most recent data show that the median sales price for homes in Kandiyohi County remained around $130,000 to $135,000; and while the number of sales reported dropped a little from 2008 to 2009, the market has improved in 2010.

Sales prices have been lower in surrounding counties like Renville (about $70,000 to $75,000), Swift ($75,000 to $80,000) and Chippewa ($75,000 to $85,000), and Chippewa saw a decline in median prices from 2008 to 2009. Prices rose about 10% to 15% in both Swift and Renville during that time frame.

If you're looking for a house right now, I'd love to help you find the right one. I am easy to work with, and can make sure you pick out a house with a mortgage that works for you. Give me a call at 320-894-7528 or e-mail me at and I will help you out!

Have a safe and Happy Thanksgiving!

Noah Hultgren
The FarmlandMan