Sacramento Real Estate Views

Interest Rates Post New Low

If You Can Buy a Home, You Should

Freddie Mac interest rates continue to set new records, it seems, every week.   For the fourth time this year, interest rates have reached a new low, 4.78% for the 30 year, fixed rate mortgage average on April 2.  The average just a week earlier was 4.85% and that was a record of it’s own.

Pending Sales Increase

As a result of the lower rates, pending sales have increased 2.1% in February nationwide.  With interest rates being this low, it’s hard to believe that this number wasn’t higher.

With the inventory of homes shrinking in the Sacramento real estate market, if you’re considering a purchase this year, be aggressive.  The percentage of all cash investors is increasing, I’m seeing it in my business as well as in the businesses of others.  I’m getting more calls every week from people wanting to invest in the Sacramento market.

Thinking of buying or selling?  Give us a call, maybe we can help.

Thanks for visiting.

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Tags: sacramento mortgage interest rates

This entry was posted on Monday, April 6th, 2009 at 9:39 pm and is filed under Mortgage Information, Real Estate Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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