Mortgage Rates Move Upward

This week, SEFCU reports that rates moved up ever so slightly.  Will this begin a trend toward higher rates?  Who knows?

Without a doubt, rates are, and have been, well below averages for a long stretch, allowing buyers to get more house for their money than during most of the past 20 years.  Now is the time for buyers who are "sitting on the fence", to make the move to home ownership.  Contact several lenders to determine your ability to buy and get a "pre-approval" letter from the lender.  They will show you what any downpayment and closing costs will be, as well as what your total monthly investment in a new home will be.

If you have any questions or want info on available homes, please contact Bill Lavery at 518-222-6368.

Bill Lavery

Bill Lavery

Licensed Associate Real Estate Broker
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