We are all frequently reminded that it is still a buyer’s market, and as one REALTOR I know likes to describe the current real estate market, “It’s a beauty contest and a price war.”
Buyers will be glad to know that interest rates have come down again too. One of our local banks advertised today that 30 year fixed rates are at 5.00% and 15 year fixed are only 4.375%! So, if you’re a buyer who has been sitting on the fence, you have many good reasons to get off the fence and make that purchase.
Also, first time buyers have less than 66 days to close on a purchase in order to receive the federal tax credit of up to $8,000.00.
Take advantage of all these buyer incentives while they’re available!
