Wednesday, May 9, 2012

Weekly Rate and Real Estate Update, 5.9.12

Both 30 & 15 yr interest rates at historic lows!

Dan’s Activity this week:
On Saturday, I had a client sell a home and clients buy a home, which means 2 inspections this week.  Let’s just hope both come back clean.  An inspection from last week turned up elevated radon so the seller will be installing the mitigation system.  The nice thing is the builder had already installed some of the work during construction so the overall cost of the fix will be minimized. 

The open house I held on Sunday may have yielded a buyer for the home!  So, I’m following up this week with that prospective buyer.  I’m ready to sell more homes, please contact me if you are ready to sell or buy your dream home!

Home in the Valleys at Geist

 Rates for the Week
From the IBJ...The average rate for 30-year mortgages fell from 4.09 percent to 4.05 percent in the week ended May 2, according to The rate for 15-year mortgages fell from 3.28 percent to 3.25 percent.


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