Mortgage rates have dropped slightly this past week which will create an increase in house hunting activity. If you are interested, you can read about the decrease in rates in an article in today’s Chicago Sun-Times newspaper titled 30-year mortgage rate drops. Depending on your reasons for buying a home, the mortgage rate you get on your loan is often more important than the purchase price of the property. It is the “terms” of the purchase that dictate whether you are getting a good deal or a bad deal on a property - not the price of the home.

This entry was posted on Friday, May 23rd, 2008 at 10:56 pm and is filed under Investing, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.