Don’t Miss Out on Low Interest Rates

Posted on July 13th, 2008 by admin

Welcome to ForTahoe.com Blog -- sign up for our RSS Feed.

Average interest rates on 30 year fixed mortgages are still close to historic lows and still well below the 9.2% average of the past 30 years. An increase in mortgage rates will affect your ability to purchase the home of your dreams by dramatically increasing your monthly payments. Remember renting does not help you reach your financial goals but owning a home does. We have seen first time home buyers once again able to purchase South Lake Tahoe Real Estate due to the reduction in home prices and low interest rates. Now is a great time to buy, even with the dip in South Lake Tahoe homes history shows home prices can and have recovered. Have South Lake Tahoe homes hit bottom? Statistics and recent market activity show that we have and I expect the noticeable signs of a recovery in the spring of ‘09.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.