With the US economy and housing market improving, there is a great chance that mortgage rates will stay low for a while.
According to industry experts, such as Greg McBride, a senior financial analyst at Bankrate.com, mortgage rates might stay at under 5% for the entire year of 2012.
Also, in the Twin Cities region, for the week ending February 18, pending sales increased approximately 29%.
Find out what's happening in Mendota Heightswith free, real-time updates from Patch.
Many of my clients have taken notice and are now selling or buying houses. I understand many people have lost confidence in the market, and rightfully so, however, I believe now is the right time to buy or sell. 2012 is looking brighter and I encourage you, if you are thinking about selling or buying, NOW is the time.
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