Tuesday, July 14, 2009

Market Update

Mortgages in Greenville, NC - In the past 6 months, we've seen rates at historic lowes. Many homeowners and homebuyers have been able to take advantage of rates below 5%. Low mortgage rates combined with motivated sellers and tax credits for first-time buyers have created the "perfect storm" for home buyers.

Recently, rates went up to about 5.5% and have come back to just below 5%, so if you are in the market to purchase or refinance, now is the time to act!!! And if you are a First Time Buyer, the deadline to receive a tax credit for your purchase is December 1st.

Don't miss out on the "Perfect Storm" for Home Buyers!! Call me if you have questions. 252-551-7828.