According to bankrate.com, mortgage rates are currently at 5-month lows. The average 30-year fixed rate is 4.75%; 15-year fixed is 3.93%; 5-ARM is 3.45%. Experts attribute these low rates to signs that the fragile economy is still weak. Another factor is that Europeans are moving their investment dollars to the US as they wait for Greece and other nations to work out their financial problems.
Low interest rates and home prices mean that this is a great time to consider a move up home or an investment property. Contact me to learn more about Park City’s best buys.