Yes it’s true. The Wall Street Journal published on May 24, 2010, that the European Financial Crisis is helping our interest rates.
Actually international investors are seeking safety in the American Bond Market and that is driving interest rates lower. Yesterday I was quoted from Kevin Bent WR Starkey Mtg and Lori Sorrells of Bank of America rates below 5%. That is still near the record lows we saw last year
As a buyer, what are you waiting for? There are homes in Briargate, Powers Broadmoor that are priced 10% below last year’s prices. High end homes are reduced as much as 30%. Homes in the Rockrimmon and Northeast areas are in the same boat.
What are you waiting for? Give us a call and we’ll show you how to maximize this buyers market.
Thanks,
Brian