Buyers See Its all up Hill from here...

MORTGAGE RATES

Rates on 30-year mortgages increased this week for the fourth time in the past five weeks, rising to an average of 6.13 percent, up from 6.03 percent last week, according to Freddie Mac's weekly nationwide survey.

As suggested the mortgage rates are more likly then not going to increase over the next year. If values drop another 10% and interest rates increase just .5% the buyer will pay the same for the house over 30 years.

So why now, why not wait? Well inventory is the highest, the newer homes will sell first. If your interested in receiving more information please call.

Brian Sharkey can be reached at All Florida GMAC Real Estate at 772-335-1995 ext. 192 or via email Brian@BrianSharkeyRealEstate.com http://www.briansharkeyrealestate.com