Mortgage rates are low, so low that they’re comparable to the rates your grandparents had. The historically low rates will not last long and they have come at a time when home prices are lower than usual. This combination makes for a highly competitive market and has shown to be especially true with Scottsdale real estate. The homes are selling faster than ever in this current market. There’s a great selection available and prices are so reasonable, buyers are having a tough time passing up these deals.
Here’s a snapshot of where mortgage rates are as of early May 2013:
15-year fixed-rate mortgages fell to a new low in early May 2013 hovering in the range of 2.56 percent. With a slightly higher rate, the 30-year fixed-rate mortgage was down to 3.35 percent in early May.
If you’re interested in learning more about the Scottsdale real estate market please contact me. I would be more than happy to set up showings of Scottsdale homes for sale.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.DesertMountainHomesOnline.com