After a rather unexpected rise in mortgage rates over the past several weeks we are starting to see rates inch back downward. Worse than expected economic news is the driving force for the lower interest rates. Furthermore, consumer confidence was released this morning and was much lower than anticipated, indicating consumers continue to feel concerned about the economy.
Most experts agree that we are currently in the bottoming process of the recession. It is unknown how long it will take to bottom out and when we will start seeing growth in the economy.
What we do know is that right now represents one of the best opportunities in our local housing market in history. First time homebuyers are starting to step up and take notice as evidenced by increasing home sales in the past 60 days.
With time running out on the first time homebuyer tax credit, and uncertainty about how long interest rates will remain at these low levels, now is the time to get into the market!
~ Courtesy of Wendy Charles, LoanCentral LLC, 425.468.9321, WendyC@LoanCentral.com
- Jeanette Eide
- Bellevue, Washington
- I’m a full-time professional Realtor specializing in residential resale and new construction in Seattle, Bellevue, Redmond, Kirkland, Issaquah, Newcastle, Sammamish, Bothell, Mill Creek, Snohomish, Everett, Woodinville, Kent, and Renton. Together with my husband Erik, we have over 17 years experience. We take the time to listen – getting to know you and establishing your exact needs. From there, our sole focus is getting you where you want to be, on time, in the smoothest manner possible. Together with our team of professionals, the closing of your transaction will be handled knowledgeably with the attention to detail you expect and deserve.
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