Best Money Market Interest Rate
Today interest rates sit at 4.5% for 30 year mortgages. This represents the lowest financing environment since the early 1970’s. Combine that statistic with the large number of foreclosures available on the market and consumers could be looking at the best time to buy real estate in the last 50 years.
The Current Real Estate Environment
Very few neighborhoods escaped the real estate crisis without a single foreclosure. Additionally, many neighborhoods are so overrun with foreclosures that municipalities are simply tearing homes down. Savvy consumers understand that foreclosures price 20-30% below market pricing in most markets, so they start their shopping with those homes at the top of the list.
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