Mill Creek Market Update

Mill Creek sales have been strong in the past 2 weeks with 19 pending sales and 7 closed sales.

Update on the local interest rate markets…there is speculation that last week may have served as the bottom of the interest rate market. Rates began to trend slightly upward and the general consensus is although they will stay low for quite some time, they are not likely to sink any lower than current market.

Qualified borrowers are going to receive rates in the lower 4.25% ish range for 30 year fixed. Clients seeking 5 year arm loans are going to see rates available around the 3% ish range.

Now is a great time to respond to these low markets!