Mid TN Real Estate

I normally blog about career opportunities in Real Esatte or about Red Realty’s business model. But interest rates have reached a point that I can no longer not write about!

A mortgage lender told me yesterday that he locked a 30 yr, FHA mortgage at 3.875 and a 20 yr at 3.375 fixed! After 20 years in the business, I believe I have seen enough to be qualified to make this statement: Interest rates are incredible low!!! If you are even considering buying, you should be on the phone with a mortgeg lender now!

I believe people tend to be afraid to pull the trigger. They don’t want to buy too soon for fear that the rates will go even lower. That is a fools way of thinking when rates are this low. Don’t let your self lose due to indecision. The time is right and market conditions favor buyers.

In most cases there are other incentives such as seller paid closing costs and the like. Couple that will First Time Buyer funds, VA funds, Rural Housing funds, etc, and you have a receipe for success.

Contact your Red Realty agent today and let them show you how to get into a home with the least amount of money from your own pocket and the best possible payments. Your family deserves it! Call 615-220-2733 or 615-896-2733 today.

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Posted on Thursday, August 11th, 2011 at 4:53 pm and is filed under Buy a House, First Time Home Buyers, Homes for Sale, Housing Market, Mortgages, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.