Amid all of the bad news that you can find about our economy, and I know there is plenty, here is a great signal for good news. Today the conforming 30 year fixed rate is around 5.375%. It could be as low as 5.25% with excellent credit and a 30 day closing time frame. What does this mean? It means that the Feds are trying to bring buyers back to the market with sweet, historically low rates. That's terrific for everyone! Here's the thing, everyone knows real estate in Chicago is in overdrive. There are oodles of listings for desirable homes. If you have good credit and a down payment you should be looking! If your credit isn't quite what it needs to be, you should be doing everything you can to correct that. It's not that hard and more than worth the effort.
Don't forget that refinancing can give you money and options to improve what you may have lost in this economic crisis.
If you or anyone you know can benefit from these low fixed rates, please contact me. I know about no-cost refinances available too. I am just a real estate agent with fabulous connections! email me at rsimborg@rubloff.com.
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