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Tuesday, December 14, 2010

Buyer's Need to get Busy!!!!

Homeowners who delayed locking in super-low mortgage rates (think close to 4 percent for a 30-year fixed mortgage) may have waited too long. Rates are creeping back up, in part because of the tax-cut deal in Washington. Now those in the market to buy or refinance have to decide whether to take what’s available or wait and run the risk that rates will keep on rising. There is no doubt in my mind that rates will continue an upward trend ever it be slowly. No need to panic there is still time but the time to move is now. With the decreased property values considered the interest rates are still very attractive and payments are still very affordable on the home of your dreams.

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