Now What’s Your Excuse?

We all know that interest rates are low, but it seems like that’s been the topic in the media for years now. It’s almost mundane and expected. So why would I bother repeating it? Because 30-year mortgage rates are the lowest ever! One of my buyers just locked in a rate of 3.75% and the bank is paying him $5,200 in closing costs to take that rate. (He is buying a $290,000 house with only $10,000 down and no closing costs.) The AP reported last week that 30-year rates dropped to 3.67 percent, the lowest since long-term mortgages began in the 1950s. The 15-year mortgage rate dropped to 2.94 percent. So potential buyers, now what are you waiting for? Call “Definitely Dave” today at 303-442-5001 if you’re ready to own real estate in Boulder County. Don’t kick yourself later when you’ll have to pay more.