It is safe to say interest rates might be going up by a little bit, with the strength of the economy and things in that nature that is usually an indicator that they are going to go up. We need to look back at history these rates are is still very low and outstanding. Harvey and Rowe can still remember when interest rates used to be in the double digits. Down payment assistance seems to be going away, there is still some programs out there, but you can still get into a home with low down payment these days. They changed the rules on that they are now looking at lower income levels for most of down payments it was almost $100,000 and now it is about $50,000-$60,000 per house hold. Realtor.com was talking about our market they think we are looking pretty good for next year. They think we will see about 8% of appreciation that is their projection. Also going to see an increase of volume next year as well, which would be nice our trail slipped a little by the end of last year it will be nice to see it increase. Looking to get a loan, or if you are applicable for down payment assistance? Please contact us and we can put you in touch with Rowe Nelson with Southern Fidelity Mortgage.
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