Mortgage Rates
Historically Low Mortgage Rates…
Below is an interesting chart showing the average mortgage rate (for a fixed-rate, 30-year, conventional loan) every year since 1972. As you can see, today’s rates remain at historic lows and you can bet that we are sharing this information with home buyers.
Balanced against the low rates, of course, are the fact that lenders are documenting their loans more carefully and buyers are hesitant to buy homes today that they perceive may be worth less next year, no matter how low the financing costs are.
So when we bring you an offer, even if doesn’t reflect a price that sweeps you off your feet, consider the fact that the buyer is courageous to have made the offer in the first place and help us find middle ground where you and they can agree.
Remember that, next to you, no one wants to sell your home more than we do.

