Growing Economy May Mean Higher Rates for Everyone

Many buyers are not aware that the interest rates that we have been seeing for many years are historically low. In 1985, when I purchased my first home the interest rate was at 12%. Today, you would be shocked if a lender offered you a mortgage rate that high. But as the economy grows, it may mean higher rates. Expect those low 4 and 5% interest rates to begin to rise soon.  Thirty year fixed rates may rise to 6% by December and 6.5% by the end of 2011.

Today, you have an unbelievable choice of housing to select from. Hundreds of good, solid homes are on the market at reasonable prices. Without a doubt, if you are a first time buyer and your credit and income are good, this is THE time to purchase.

Take a look at what is available on my website at: 123HomeSweetHome.com.

You can view homes for sale in Lombard as well as all other areas areas throughout Chicago and the Western Suburbs with no sign in required. Just browse and look at the opportunities out there.  And if you see something that you would like to see in person, just give me a call at 630.730.8027 and I would be happy to schedule an appointment for you.

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To talk to a Realtor® who knows Lombard and the surrounding areas like the back of her hand, Call Caryn Kuhlman 630-730-8027