Community and Real Estate news shared by Tamatha McElmurry, Realtor with REMAX BY THE BAY.Tamatha lists and sells homes, lots, land, and commercial real estate in Fairhope, Daphne, Point Clear, Montrose, Spanish Fort, Silverhill, Belforest, Malbis, Loxley, Foley, Orange Beach, Gulf Shores and the surrounding areas of the Eastern Shore of Mobile Bay, Alabama. You can use this blog to stay updated on community information and to search the MLS for homes that are currently for sale.
Wednesday, February 2, 2011
"On the fence"? Are mortgage interest rates going up....
If you have been sitting back waiting for mortgage interest rates to go EVEN LOWER, then I suggest that you might want to hop off the fence and get busy buying a home! With the new issues in the Middle East, oil prices are rising. History states that when that happens ALL OTHER COMMERCE pricing rises also. Rates have already adjusted up around the 5% mark. Some days the rates have already risen over the 5% mark. Let's be honest...a 5% interest rate on a 30 year mortgage is an incredible deal! So, take advantage of these historically low rates while you have that choice...Search all of Baldwin County MLS listings here
Labels:
buy,
homes,
interest rates,
MLS Baldwin,
Tamatha
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