Yes, it is true. Mortgage rates are on the rise. They have actually already gone up. The average rate a week ago was 4.82% for a 30 year fixed mortgage, and it is now 4.91. This is the average. Some banks have raised their rates to 5.20%, and it happened in a 2 day period! From 4.82 to 5.82% on a $300,000.00 loan is a difference of $183.00 per month, or $37,000.00 more for the loan! That is only one point...
The lowest rates we've seen since the 1960's are leaving. As consumer confidence goes up not only the rates will increase, but so will the cost of the homes. Please do not miss this opportunity to purchase your town home from us at a great rate.
For you First Time Home Buyers keep an eye on the Nov. 30, 2009 date. That is the last day you can "close" on a home, and get your $8,000. from the government. We are just starting Building 18, and it is due to be completed in November. If one of our floor plans you were wanting has already sold in Building 17 this would be your last chance to get it with the $8,000.
Please call me for an appointment, and seize the day!
Cheers,
Claudia
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