Tax Credit Expired - So Now What?

With the recent expiration of the federal tax credit, the local real estate market has slowed somewhat.  However, interest rates are still at historically low levels.  The current 30 year fixed rate mortgage stands at around 4.75% with 0 points.

When you work the numbers and see how the low interest rate impacts the amount of money you actually spend on your mortgage over 30 years there's no question in my mind that buyers should still be looking to purchase.  There are deals to be had.

The combination of low interest rates, abundant inventory and motivated sellers makes for a real estate market that should be more robust than it is.  As soon as consumer sentiment improves we'll see an increase in sales.  I'm certain of it. 

Thanks for stopping by to read my comments and please visit my website at: http://www.herbandeileen.com/

Make it a great day!