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Lower mortgage rates are good for Quad Cities Real Estate

November 26th, 2008 by Real Estate

Yesterday was a historic day with mortgage rates. Rates fell on an average 5/8 percentage points in one day! This is good news for the Quad Cities Real Estate market because it will lower the potential payments of the buyer and also increase their price range. For example, a person two days ago would have about the same monthly payment on a 200,000 house as they would on 210,00 house yesterday. If mortgage rates stay low, the quad cities real estate market could really turn around in the next 12months.

Maybe now is the time to browse for Quad Cities real estate on SimplyFSBO.com. There are lots of great deals on our site that are being sold Quad Cities For Sale By Owner and with realtors. Check out our main site today to find a deal!