Clinton County Homes - Brigandi Renninger Realty

THIS MIGHT BE THE TIME!

What does 1961 have in common with 2009? Mortgage rates that’s what! Fixed rate 30 year mortgages have not been as low as they are today in almost 50 years. On the last day of 2008 Freddie Mac reported the average rates on a 30 year fixed mortgage was 5.1 percent.

If you are fortunate enough to have a job with a reliable income, manageable debt load and a good credit score (740 or above) you stand a good chance of securing a mortgage with rates this low. It’s a wonderful opportunity to buy a home.

Rates might go even lower. What should a person do? If you are not afraid to take a chance, wait awhile. If you think rates have reached their through, then borrow now.

Theses are not ordinary times. On any given day mortgage rates may fluctuate as much as 1.5 percent between one bank and another. Shop around for your mortgage. Don’t settle for any one lenders quote. Mortgage rates are changing all the time. It pays to check with several sources.

Find a real estate agent that you can trust and work with. A good real estate sales professional is one that focuses on meeting the needs of the consumer rather than selling products and services. Get yourself prepared and educated about the local real estate market so when the right property comes along, you will be ready to act.

Thomas F. Brigandi
Owner
Brigandi Renninger Realty

9/27/09 - Get off the Fence!

9/27/09 - Real Estate Career Opportunities