Natalie Malin's Real Estate Blog | Mercer Island, WA | Buy a House, Condo, First Time Home Buyer, Mortgage, Real Estate Agent

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Natalie Malin
Managing Broker

    Masters Degree
    CRS: Certified Residential Specialist

Direct: (206) 232-3240



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Mortgage Rates

WOW! What a Combination!

Wednesday, May 6th, 2009

WOW! Interest rates under 5%! I remember when interest rates were 22% and we had to do "wrap around" mortgages in order to sell homes. We didn’t think rates would ever go below 12%, and we were hoping for that. Sure home prices have increased since then, but with interest rates this low, and bargain prices, you most likely won’t end up paying much more, if any more, for a great new home than you would have then. The word is out, however, that interest rates may rise soon. This is the best possible time to buy Real Estate, and Mercer Island is the ideal place-so close to both Bellevue and Seattle, with homes for every lifestyle in every price range.

Our "laid-back" community of interesting, well educated, caring neighbors is a wonderful place to raise a family, with so much natural beauty here to enjoy. Our many parks and beaches (swimming, boating, water skiing), and delightful shops and restaurants plus our great Community Center with activities for everyone are a unique signature of the Island. And add to that our gorgeous views! Why not take advantage of this ideal time to buy–call, text, or email me for more information about the joys of living here. It’s encouraging that the Real Estate market is finally picking up. See my web site for more about Mercer Island.

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