Somehow, mortgage rates have stayed at historically low levels throughout the summer, making it a very attractive time for people to be buying houses. Unfortunately, even though the rates are low, home sales activity has also been low throughout the summer.
I like to use local banks and lenders, but its helpful to look at rates being quoted on national sites like
Bankrate.com, which currently shows rates for a 30-year fixed mortgage hovering between 4.35% and 5.35% APR, either of which is a really good rate.
Perhaps sales activity will pick up as the new school year gets closer. If you'd like to move into something new before the school year starts, please give me a call at 320-894-7528 and I'll see what I can do to help you. There are a lot of good value listings out there right now - if you are ready to move, I can help you out!
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