Mortgage Rates Falling
"Falling" may not be the proper term to describe what’s currently happening with mortgage rates because I think of "falling" as a drastic drop. Rates have come down for several weeks, though. Here’s a link to additional information and some details on what’s happening with mortgage rates.
Rates are still good and it’s a good time to buy, before values go up any more. Remember, our local home appreciation rate in the Wenatchee area is forecast at 16% for the next 12 months. If this holds true, that means a $200,000 home on today’s market will cost $232,000 next year at this time.
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source: Mortgage Rates Falling
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