Monday Morning Real Estate Update 1/7/08
Good Monday Morning!
The Holiday bustle is over and it's now back to life as usual. It is also that time of year that we traditionally see the Real Estate market pick up steam. Here in the Eugene and Springfield area we have not wasted any time in picking up the pace. One large reason for a surge in activity comes from the fact that mortgage interest rates have steadily decreased over the past several weeks. As of the end of last week I was seeing 30 year fixed conventional loans as low as 5.5%. This is the lowest level in years and buyers are learning that this combined with lower home prices and a very nice inventory of homes to choose from has given them a great opportunity. This trend will do nothing but improve if interest rates continue their decline. or even remain steady.
Have An Awesome Week!