Island Home Loans Blog

Rising Interest Rates

It is true that mortgage interest rates have been rising over the past several weeks. With today’s best rate at 5.25%, it is still at record lows and a great time to buy a home. There are numerous programs available that allow up to 100% financing and don’t forget the great $8,000 tax incentive to first time home buyers! With home prices at record low prices, now is the time to get pre-qualified for a mortgage loan that will fit your budget and I can help you work with a Realtor to find the perfect home for you. Give me a call to talk story about what is available.