Spring is in the Mortgage Air !

With Spring in the air and nice weather coming up House hunters will be coming out of their winter dens looking for homes. With the glut of homes on the market in many areas it could be a buyers dream if they do their homework and confirm CURRENT prices of homes and shop for the right Mortgage Rate and fees. There have been some drastic reductions in prices in the overheated areas. That does not mean they are necessarily a good deal now but are certainly starting to be a little more realistic. Do not be afraid of making a much lower offer as the houses are sitting on the market longer and many of them are Investor homes who now want to get out and move on. Rates are still low and will go up some (estimated .25-.375 in rate by summers end with one more Fed rate increase on May 10) but should still be in a good workable range. Summer should help our housing industry but if it slows down too much it can and will affect our overall economy drastically. This should be a much better buyers market this summer than last year in the overheated areas and you may even find prices at last years ranges. Enjoy your house hunting and remember Knowledge is power and with it you can make a good decision that will stay with you for years to come. www.Rateinformer.com