Low Mortgage Rates, Catch Them While You Can

By Tony Marriott • January 9th, 2010

Now might be the best time to lock in a low mortgage rate

Low interest rates have been gracing the real estate market with their presence for the past year, but the word on the financial street is that they won’t be here much longer.

While mortgage rates aren’t going to skyrocket out of sight, it is doubtful that they will decrease and certain that they will steadily begin to rise. For those wishing to lock their Scottsdale home in at below 5%, the time just might be now or never (or at least for a very long time).

This past beginning week in the new year, the average 30 year fixed mortgage rate was 5.09%. The general sentiment among economists is that rates are not going anywhere but up from here. The strengthening of the AZ real estate market and the national economy equals less chance for discounted rates.

If you want to refinance or purchase Scottsdale AZ real estate, now might be the best time to do so.

For more information on mortgage rates click here to look at a recent article from CNNMoney.com.

Tony Marriott, a Scottsdale real estate agent, can help you find your perfect Scottsdale AZ property for sale or can give you more information about how to lock in the current low interest rate.

Tony Marriott can be contacted at 602-445-6299 or by email.

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