Mortgage Interest Rates Reduced

Mortgage Interest Rates were reduced this week from 4.37% to 4.32% edging 30 year mortgage rates to near record lows again. The reduction will certainly stir up home buyers.

Home sales have fell slightly, especially in the North and  Northeast, but due mostly to intense winter weather. A lack of available homes in several areas also account for falling home sales.

Spring is here and weather is clearing, this coupled with the reduction in mortgage interest rates will bring a renewed spirit to home buyers and I see a big jump in home sales.

Brooklynnybpo.com currently lists 1,859 homes for sale in New York, a place that has been hit both by bad weather and a slow recovery from Hurricane Sandy. You can find exactly what you are looking for, I am here if you need assistance.

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