Mortgage Rates Are Rising


The average mortgage rate dropped to an all time low of 3.3% in 2012, and is now rising rapidly.  In June, mortgage rates in the US averaged 4.35%, but for those interested in buying, even though mortgages are at the highest rate in two years, they are still a great deal.  Economists estimate that these rates will keep rising along with the improvement in the economy, so if you’re looking to purchase or refinance, now’s is a great time to do so, before the window on low mortgage rates closes for good.  Prices are rising in the housing market too, making this a great time for sellers for the first time in awhile.

Whether you’re buying or selling a home, we can help!  Give us a call at Cooper Realty Associates and put us to work for you – 302-629-6693.

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