Low Interest Rates Good News for Ann Arbor Real Estate!
With the combination of fabulous amenities, a bustling community and culture, incredible educational institutions, and a vibrant business center, our hometown of Ann Arbor is often named one of the best places to live and retire. If you’ve been thinking about relocating to Ann Arbor or purchasing your first home here, now may be a great time. Mortgage rates in the last week have plummeted to all time lows! For those with good credit or some equity in your homes, you have an excellent chance to take advantage.
30 year fixed rates have been consistently been advertised at lower than 5 percent. This is a great opportunity to save hundreds on your mortgage if your current rates are upwards of 6-6.5%. Your current lender or mortgage broker can provide you with details. For those first timers just entering the game, you’ll also have the added benefit of a current real estate buyer’s market. There is a larger supply of available homes and a healthy amount of pricing competition.
Ann Arbor recently made CNN Money’s 100 Best Places to Live and Launch List at #42 thanks to a strong high-tech industry and an eco-friendly community. Our special town offers so many things to enrich lives – arts and culture, fabulous restaurants, a great environment to start a business, a strong sense of community, and much more - it is such a wonderful place to call home.
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Kathy Toth & Team: Ann Arbor Area Real Estate Experts
Keller Williams Realty
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March 18th, 2009 at 5:30 PM
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May 7th, 2009 at 10:04 PM
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