Mortgage loan interest rates are the lowest they have been since rate tracking began in the early 1970's. The average rate on 30 year fixed loans is 4.57%. Fifteen year fixed rate loans can be found in the low 4% range and adjustable rate mortgages can be had in the mid to upper 3% range.
If you have been putting off the purchase of a primary residence or second home here at the Lake, there is no time like the present. Home prices are down from the large spike of a couple years ago and the rates cannot be beat.
This combination of rates and values will not last forever!