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Mortgage Rates Across The Country Continue To Drop

Ryan Platzke

For the third straight-week the average long-term mortgage rate across the country has dropped. Now is time the time to buy a home in the Twin Cities, or refinance your current mortgage loan, as many experts are predicting that the Federal Reserve will increase interest rates this month.

Last week the average 30-year fixed-rate mortgage was 3.90 percent. In the past year we have seen a high of 4.20 percent and a low of 3.59 percent. The 15-year fixed-rate mortgage was 3.10 percent last week, and in the last year we have seen a high of 3.36 percent and a low of 2.92 percent.

There are still plenty of buyers looking to purchase their dream home in the Twin Cities. Why wait till spring to list your home when you can beat the competition and list it now. Buyers looking to purchase this time of year are serious and are prepared to move quickly.

Now is the perfect time to buy or sell a home in the Twin Cities If you are looking to buy or sell a home this winter contact me. Our group specializes inEden Prairie Real Estate,Chanhassen Real Estate,Chaska Real Estate,Lake Minnetonka Real Estate,Edina Real Estateand West Bloomington Real Estate.

Brace Helgeson Coldwell Banker Burnet

Licensed in Minnesota/Lic # 92065

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