Great news again for the real estate market.  Interest rates havefallen for the second consecutive week.  This means you can buy a home for less than previous weeks…or months…or even years!!

      For those who are considering taking advantage of the glut of homes on the market, this may be your time to make a move.  Take a hard look at the home prices in your area and your financial status.  We know the interest rates fluctuate in cycles at times lasting for many months or years.  This may be the lowest part of the cycle before an upturn in rates.  For the first time buyers, this is a tremendous opportunity. 

      For those who wish to down size their homes, you can sell and buy another smaller home at a very low interest rate.  Do not overlook the opportunity for a 20 or even 15-year fixed-rate mortgage and save even more money over the course of the loan.

      The rate for 15-year fixed-rate mortgages has gone down to an average of 4.52 percent.  This is great news for those sitting on an old 30-year fixed-rate mortgage.  Refinance now and not only knock off some years to full ownership of your home, save thousands at the same time. 

      As a disclaimer, not everyone will be eligible for these low rates.  Your personal financial situation, unsecured debt, credit score, etc all come in to play.  Check with your real estate agent or a mortgage lender to see where you stand.

      Do not delay on this important decision.  Rates may not be this low again for many, many years.

      As always, call me at (210) 273-9082 with any questions or concerns, without obligation.