We’ve been very lucky here in the great NW that our local real estate markets are bucking the trend of the rest of the nation. Yet, because of the National lending problems the Federal Reserve has lowered rates.Â Rates have just dropped to the best interest for mortgages in the last 2 years! There are rumors of rates falling even more which is great news for people with Adjustable Rate Mortgages [ARMS] who will need to refinance in the near future. This Fall and Winter are shaping up to be a GREAT time to buy!
As of this last Friday rates were down to 6%