Stockton — The average rate on the 30-year fixed mortgage fell back down to 3.94% yesterday, the record set earlier this fall. The low rates continue to be a great opportunity for those who can afford to buy an home or investment property in Stockton. However, few people are unable to take advantage of these low historic rates.

This has been a historic time for interest rates. They have been below 5% all but two weeks this year. With that said, it could also be the worst for home sales in the past 14 years. The low rates have been unable to generate higher home sales. New home sales appear to be headed to their worst year in half a century as well.

High unemployment and lack of wage increases have made it hard for many to qualify to be able to buy or refinance.  For those can  qualify, it is a prime opportunity to invest in and income producing property or move-up into a home you have always wanted.

If you are thinking of purchasing a home in the next six months, or you still have more questions regarding if it is the right time for you to buy a home, CONTACT McKeever Real Estate today. We would be glad to assist with any of your questions.  And, we would even like to apply for the job as your Realtor!

Thank you,
David McKeever