Interest Rates Starting To Creep Down

The real estate market this year has been a roller coster ride along with the stock market. Over the last few days, the 30 year fixed interest rate on real estate mortgages has started to drop. A local mortgage broker was quoting a fixed interest rate on a 30 year mortgage at 6% yesterday with a buyer who had a credit score of 720 or higher among other requirements. The lower the interest rate the more home a buyer can afford or the lower the mortgage payment for a prospective buyer. Call a local lender today to see how their interest rates are doing. Email me at todd@toddnelson.com if you have any real estate questions.