Ready to Ring in the New Year with New Low Mortgage Rates!

Happy New Year everyone!

I was just reading an article from the Associated Press about how fixed mortgage rates are still near record lows. The average 30-year home loan averaged about 3.95% last week, which is the lowest it has been since the 1950s!

According to the article, "The average on the 15-year fixed mortgage rose to 3.24 percent. That's up from 3.21 percent, also a record low. Rates have been below 5 percent for all but two weeks in 2011. Even so, this year is shaping up to be one of the worst ever for home sales."

Unfortunately, because of the lingering recession, few people have been able to take advantage of these fantastic rates. Without being able to seel their current home, many people can't move on to their next home. We haven't seen that quite as much here, where home sales have dropped but not nearly as fast as in other parts of the state or nation, and foreclosure rates are relatively low.

If you're thinking that you'd like to start the new year in a new house, please give me a call at 320-894-7528 and I can help you explore your options. With rates staying below 4 percent, now is a great time to buy!

My new year's resolution could be to help you find a new home - and to sell your old house!

Have a safe and Happy New Year,
Noah Hultgren
The FarmlandMan.com
noah@farmlandman.com
320-894-7528