The Berra's Lake of the Ozarks Real Estate Blog

How Low will the Interest Rates Go?

December 21st, 2008 7:42 AM by Mike and Susie Berra

What do the following have in common???

*Frazier beats Ali at Madison Square Garden.

*Ed Sullivan has his final TV show.

*Walt Disney World opens in Florida.

*"Billy Jack" and "Shaft" are 2 of the top movies.

This all happened in 1971, the last year that interest rates were as low as they are today. (Quotes below 5% this week on 30 year fixed!)

If you are in the market to buy at the Lake and want to take advantage of the current low rates, now is the time. The inventory is on the high side, so there is an excellent selection of available properties. No one knows what the future will bring as far as rates and terms, but this is one of the best opportunities in 37 years to save some money. Remember that the lowest rates are generally available to those with highest credit scores.

If you have any comments or questions you want to share, please feel free to do so.

Have a Merry Christmas!



Posted in:General
Posted by Mike and Susie Berra on December 21st, 2008 7:42 AM



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