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West Chester OH Real Estate News: Low Mortgage Rates, Catch Them While You Can

January 13, 2010 by Eric Lowry Leave a Comment

West Chester Ohio Homes For Sale
Now might be the best time to lock in a low mortgage rate

Low interest rates have been gracing the real estate market with their presence for the past year but the word on the street is that they won’t be here much longer.  While mortgage rates aren’t going to skyrocket out of sight, it is doubtful that they will decrease and certain that they will steadily begin to rise.  Many so called experts expect that the 30 year rates may be at 6.00% or higher by years end. 

For those wishing to lock in at below 5%, the time just might be now or never (or at least for a very long time).  Today in fact I saw a 30 year fixed mortgage rate quoted at 4.85%.  The general sentiment among economists is that rates are not going anywhere but up from here and in my opinion this is definitely the case.  The federal government’s intervention in the mortgage market has caused rates to be artificially low for some time now.  This intervention is coming to an end by March 30th.

The strengthening of the economy equals less chance for discounted rates.  If you are looking to buy a home, now is the best time to do so.  We have low interest rates, tax credits and a great supply of homes for sale.  These three factors will not line up like this again at one time, for a very long time.

Looking for a referral to a good lender with good interest rates and reasonable closing costs?  Call me or email me and I will get you in touch with a lender that will take great care in getting your financing lined up for you.

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS here! Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

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 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

Filed Under: Buyers, Financing, Financing Options, First-time Homebuyer, Real Estate Information, Real Estate News, Tax Credit Tagged With: Beckett Ridge Realtor, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, FHA Financing, Keller Williams Realty, Liberty Township Ohio Homes For Sale, List Home For Sale, low interest rates, mortgage, mortgage lenders, Ohio, Search Homes For Sale, Sell West Chester Home, Top Selling Realtor, West Chester Ohio Real Estate

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