Interest Rates at an all time low!

People always want to know how the market is, and so they should.... My answer is usually the same- "It all depends on what your current situation is." If you're expanding your family, then it may be a great time to sell and move up to a more spacious living space. Or, if you and your partner have decided to move in together, then you may also decide to buy a bigger space. Maybe you're kids have all moved out and it is time to downsize, etc... The list goes on...

The market now, as you have probably been hearing is a balanced one which is shifting towards the buyers. What this means is that buyers now have the luxury of being a little bit more patient when looking at properties, and with lesser chance of a multiple offer situation arrising, it is actually a great time to buy! Along with fantastic interest rates you can't go wrong. I have just been notified by one of the mortgage brokers I enjoy working with, that the available rate for a 5 yr, fixed term mortgage with 5% down is 2.89%.

If you would like more information on this topic please call me at 778.835.7290.

Thanks for reading!

Jordon Moore

Century 21 In Town Realty

Posted by Jordon Moore on August 8, 2012

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