
As summer dwindles away and fall emerges, the local real estate market has a tendency to slow as home buyer and seller thoughts shift from making a move to school functions, football, etc. But now may be the perfect time to buy a home for a variety of reasons.
Home mortgage interest rates are at historical lows. At this writing, a traditional thirty-year fixed rate mortgage is vacillating around 4% with no origination fee or discount points. Want to go lower? The 5/1 Adjustable Rate Mortgage (where the first five years are fixed) is at 2.875% with no origination fee or discount points; a lower rate is available at 2.375% with a 1% origination fee.







