Interest rates were predicted to rise in 2010, but a few factors have changed that prediction. Interest rates have instead fallen. There are so many things going on in the economy right now that can influence the mortgage interest rates.
When the Treasury stopped purchasing mortgage securities in March, many felt that rates would increase. In fact, rates continued to decrease through May.
One factor affecting mortgage interest rates is Europe’s investment markets have dropped causing the dollar to strengthen against the euro.
Considering this, May’s interest rates remained low. We are not out of the woods yet and interest rates might rise. If you are considering purchasing a home in the Denver metro area, now is a good time to invest while interest rates are lower. Check out our website for a free listing of bank repos, HUDs, foreclosures and short sale homes. We can check your credit scores and see what home you can afford.
If you are interested in a rent to own home, call us today. Take advantage of these lower rates. If you would like to talk to an agent today to see what rate you would qualify for, call David Ruch at (303) 840-9252.
If you would like to do a free search of thousands of bank owned, short sale, foreclosure, HUD repo homes goto http://www.real-estate-denver-colorado.com.
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