Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Wednesday, December 3, 2008
Interest rates drop AGAIN!

Interest rates keep going down --- the Daily News Record reports today that they're down to around 5.375% for a conventional 30-year fixed rate mortgage.

If you're considering a home purchase in the next month or two, it might be worthwhile to consider getting the ball rolling now, while interest rates are so favorable!

Of note --- one statistic in the article is way off base...

"In addition to lower mortgage rates, home prices also have reached extreme lows. Prices of single-family homes plunged a record 17.4 percent in September from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices."

That may be the case nationally, but locally, we have seen home sales prices remain stable.