Friday, June 6, 2008

30 Year Rates continue to climb

Freddie Mac reports a slight gain in the 30-year fixed mortgage rate to 6.09 percent during the week ended June 5 from 6.08 percent the prior week, marking a nearly three-month high.

For those on the fence, or waiting for that 'perfect' time to buy, it would appear that now may be that time. There is a good supply of nice homes in the Lake Norman/Charlotte area to choose from, get the 'cream of the crop' while the interest rates are still making it possible to own more home for less.