Mortgage Rates are Low and Sellers are Motivated

Get ready for the influx of mortgage commercials bringing back the slogan “Mortgage Rates are at or near the lowest in history” or some variation there of. Truth is Mortgage Rates are very low right now. If you have been looking to purchase or find yourself in a mortgage that is still in the mid to high 6 percent range, now is a great time to purchase or refinance. 30 year fixed mortgages are between 5% and 5.25% as of today 1/15/07. That is very close to historical lows. Sellers are highly motivated right now so buyers have a rare time where they can get great incentives from sellers and still benefit from fantastic rates. The mortgage scene has changed with regards to qualifying. 100% loans are still available but only with good credit, income, and assets. First Time Home Buyers get in while the getting is good. Low competition, Low rates, Low Prices and Motivated Sellers. If you need help with prequalification or just have questions to ask do not hesitate to email me so. trent@callcascade.com