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  • "Thank you so much for all your patience. Showing us exactly how the closing costs break down was a tremendous help! :) You may enjoy working with buyers... but you are especially wonderful with us first-time buyers. Thank you for being awesome!"
    ~ Kate Culver
  • "Our experience with Shannon Rollings Real Estate was wonderful!! She got a contract quickly on the house we sold and patiently walked us through the purchase and build of our new house! Their cohesion as a team hit a home run with us!"
    ~ Ben and Buffi Jones
  • "Thank you Shannon and your team for helping me find my first home. I love it! I cannot express how happy and thankful I am that I had such a good team."
    ~ Dalisa Walton
  • "Shannon is committed to helping her clients maneuver through the challenges of either buying or selling residential property. Her company offers a comprehensive marketing program rather than just sticking a sign in the yard."
    ~ Jim Irish
  • "The staff at Shannon Rollings Real Estate was fantastic... they answered questions and resolved issues very quickly."
    ~ Ronnie Hooker
  • "Whenever I needed to view a house, Shannon was always ready to make accommodations to meet me... I felt like I had someone on my side that could take care of any problem that arose in a timely and efficient manner."
    ~ Leslie Wilcher
  • "Shannon and her staff were only a phone call or email away, and would always get back to us within minutes... It was the easiest, fastest, and smoothest transition we could have ever asked... a wonderful job!!! From two very satisfied customers!"
    ~ Cathy & Michael Hadden
  • "Buying our first house was such a new and overwhelming experience... Shannon Rollings Real Estate gave us the peace of mind we needed. Their knowledge and customer service exceeded our expectations, and we actually came to feel more like family." ~ Daniel Straughn
  • "Our experience with your group was wonderful. Your market price was right on the money (more that we thought). We will highly recommend you." ~ Alan Sheffield
  • "Thanks so much for your professionalism, and patience during the process of purchasing our 1st home. All of you were very helpful, which made everything a lot easier for us." ~ Kendall and Yolanda Dortch
  • "Thanks soooooooooooo much for everything you're doing to make this transition easier!" ~ Kay Benitez
  • "Thank You for everything ....could not do this by myself !!" ~ Ken Burke

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July 27 , 2010

 

Interest rates are unbelievably low!  We have been getting local quotes at 4.5% for a 30-year mortgage and  3.875% for a 15-year mortgage.    To get an idea of just how low the rates are in historical terms, check out this rate tracker website.  If you scroll down and review the graphs, you can see that for the past 30-years it is very rare for rates to drop this low.

For people considering a move in the next 12 months, I feel like screaming “Buy now so that you can lock in these great interest rates.”  I am surprised that the low rates haven’t gotten more publicity.  Many of my clients are often surprised to found out that interest rates are at historical lows.

If you don’t plan to move in the next few years and you have an existing mortgage on your home, it makes sense to evaluate refinancing your home.  For a very detailed review of when it makes sense to refinance, we recommend The Mortgage Professor.