Mortgage Rates stay LowAccording to an article on HousingWatch.com, mortgage rates will rise a lot slower than previously predicted. The new prediction, according to Freddie Mac’s latest Economic and Housing Outlook, now is that interest rates for 30-year, fixed home loans will average 5.6 % in the fourth quarter of 2010. That’s a big change from about two months ago when people were saying interest rates would rise to 6%.
The interest rates were expected to increase because the government ended the massive effort to keep them low during the financial panic. And now the private investors are taking over, pumping money into the mortgage market fast enough to replace the government dollars. For the week ending on March 18th, interest rates for 30-year fixed-rate mortgage averaged about 4.96% plus an origination fee of 0.7%.
If interest rates are low, now might be the right time to buy that bigger house you’ve dreamed of. Start your research, hire a realtor, compare prices and neighborhoods and get what you really want. Low interest rates with low home prices because of the situation in the real estate market can be the perfect environment to buy in. Be cautious, look for a great lender that will offer you the best deal, negotiate aggressively when the time comes to place your offer and until you find you single-family home, do the leg work. Make sure your credit score is also in good standing to really ensure the best opportunities for yourself.
Once you found your perfect home, call the Maryland movers to help you with your residential move. We’re backed by four generations of moving experience and a huge All My Sons Moving and Storage family throughout the U.S. We have offices in many different part of America, all credible and reputable. All My Sons of Maryland can also offer you a free moving quote online and a chance to get all your packing supplies directly shipped to your front door. You can order all you moving materials including moving kits with different sizes of moving boxes and different types too like the wardrobe box to help you pack your clothes easily. The local movers of Maryland are efficient, professional and friendly. Check out the rest of our website for more information on our movers and moving services and read our regularly updated Maryland blog for more about All My Sons of Maryland.