It's happened again! The average 30 Year Fixed Mortgage Rate for the past week was 4.96%! Yes,it actually averaged under 5! For homeowners thinking about selling in the near future,now is definitely the time! And for buyers,the rate is at historic lows,and there's no telling when it will go back up again,but as history shows us,it will go up!

I have personally seen more buyers coming out in this market. In fact I just spoke with a buyer who has been renting for the past 4 years waiting for the right time to come out and make a purchase. She is looking in a price range that didn't even exist a year ago! This time in history will have more buyers than ever with the decling home prices and unbelievably low mortgage rates. And,keep in mind that the rate would be lower for a buyer with outstanding credit! If this isn't a great time to buy,I don't know what is!