Ted's Bar Harbor Real Estate Blog

Maine Real Estate – that's what I'm talking about. Insights into local, regional, state and national trends.

Mortgage Rates Rally on Weak Economic Data

Posted on | August 25, 2010 | No Comments

Well what are interest rates doing on the heels of the July statistics on home sales? Check out the experts thoughts on the matter. Mortgage Rates Rally. Good news on interest rates for now, yet rates certainly cannot stay this low forever. Check out the recap with charts and commentary in clicking on the link in the body of the mortgage rate watch.

Yesterday at my office, I experienced first hand a number new inquiries by interested buyers that recognized this may be the opportune time for them to search through our large inventory of properties, find that long sought after property, then negotiate the sale price with favorable terms while securing the low interests and the many tax credits that still exist.

Click here Mortgage Rates Rally!

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