Money is cheap! Interest rates keep heading down!
Scott P. Rogers
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.
