Thursday, December 11, 2008

Interest Rates

Wow --- are you ready for mortgage interest rates UNDER 5%? If the government has anything to do with it, we shall see 4.25% mortgage interest rates in the very near future. This will help those cities across America be able to refinance and stay in their homes, or get caught up if there was any chance of going into foreclosure. This all looks positive, then our resale market will be sitting better, and we shall again see an upbeat real estate market.

The average time most homeowners spent in their homes was four years. Now a days, it is closer to 10 years to realize value when they are able to sell.

Joan Cox
Metro Brokers - Turning Point RE
720-231-6373