What's 'up' with interest rates?

We've seen a slight bump - from about 3.5% to 3.9% - and it looks like we're on an upward trend. Reports are that we could be at around 5% by this time next year. We've been very spoiled for the last few years, as interest rates have been at a low not seen in generations. Remember, though, that for every point the interest rates go up, buyers lose a little bit of purchasing power.

Fortunately, we've still got access to some fantastic loan programs here locally. USDA, which is a 100% loan-to-value program, and FHA, with a down payment requirement of about 3.5% are some of our most popular loans.

Call or email, and we can get you to our favorite lender for all the details!