Record low mortgage rates for Quad Cities real estate
December 31st, 2008 by Real Estate
Today was some more good news for Quad Cities real estate. The average national mortgage rate is near a record at 5.10% on a conventional 30 year mortgage. This means quad cities fsbo homes are costing less to purchase each month. With Quad Cities fsbo homes slow to sell, low mortgage rates might be what Quad Cities real estate needs to get moving again.
With many people on the side lines waiting to purchase Quad Cities real estate now might be the time to get in. Lower mortgage rates mean lower payment. If you are not longer scared and looking to buy make sure to visit quad cities fsbo sites like SimplyFSBO.com. For sale by owner websites will give you tons of information and photos helping weed out the homes you’re not interested in.
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- Posted in Quad Cities Real Estate
Struggling Quad Cities real estate market isn’t as bad as the rest of the nation. National Association of Realtors recent survey found home sales fell over 10% in November compared to last year. The reason the Quad Cities real estate market is doing better than the national average is our strong Quad Cities FSBO (Quad Cities For Sale By Owner) market. With Quad Citie websites like SimplyFSBO.com people are able to keep their home values higher because they avoid paying a commission on closing day. Thank you local Quad Cities FSBO website for helping keep home values higher than the national average.