Clovis Home Values
Clovis Home Info.
Search by Clovis School
- Buchanan High School
- Clovis High School
- Clovis East High School
- Clovis North High School
- Clovis West High School
- Clovis Unified School District
Clovis Mortgage Rates
October 9th, 2009
Clovis Mortgage Rates
Experts Fear Interest Rates Will Rise
Low Clovis home prices and rock bottom interest rates are the driving factors of the Clovis real estate market. Now one of those factors may be coming to and end. Some experts predict that interest rates are about to go up. That could spell doom for the Clovis real estate market and low payments for Clovis home buyers.
Clovis Real Estate
It’s a great time to buy a Clovis, CA home. The medium home price of Clovis homes for sale is $274,900. Better yet, low interest rates make Clovis homes more affordable than ever. But according to some leading mortgage experts, that may be changing. With rates so low (the average for a 30-year fixed is 5.18%), the only way for rates to go — may be up. “It’s hard to imagine them going any lower,” says Greg McBride, chief economist at Bankrate.
In fact, one warning has already been forecast by Mark Goldman, Professor of real estate at San Diego State University, “I think people need to be worried about them going up.” Higher interest rates would mean that the affordability of Clovis houses would go down. For example, a $300,000 Clovis home with a 6% interest rate is nearly $200 more a month than buying the same Clovis home when rates are only at 5%. In other words, low interest rates are just as important to consider when buying a Clovis home as the price of the home itself.
If you’re sitting on the fence about buying a Clovis home, we suggest you take advantage of low interest rates before they disappear and your house payments increase. According to the California Association of Realtors, California home prices are expected to increase 3% in 2010 so there may not be a better time to buy.
Clovis Mortgage Help
Whether you’re new to mortgages or an old pro, Mortgage Planner, Kathy Tuck, can help you get the financing you need to buy your next home. Kathy can:
- Get you pre-approved for a home loan (the 1st step in buying a home). Get started NOW!
- Discuss the latest loan programs and lowest Clovis interest rates available
- Answer all of your home Clovis mortgage or financing questions
For professional, fast, and super friendly service, give Kathy a call today!
Kathy Tuck
iMortgage, Mortgage Planner
(559) 284-4020 (cell)
(866) 933-7856 (fax)
kathy.tuck@imortgage.com
Clovis Realtors
If you’re thinking about selling or buying a Clovis, CA home let us know. We’re Clovis Experts and we specialize in Clovis Real Estate. You can search all Clovis homes for sale and receive a FREE home valuation to determine your Clovis home’s value. Become a client today and discover why we’re the #1 Clovis Realtor!
Clovis Real Estate − "The Clovis Home Experts"Leave a Reply
Contact Us
[...] they won’t stay that way forever. Some mortgage experts are predicting mortgage rates to increase in 2010. So what are the signs that morgtage rates (now at historic lows), are about to go [...]
[...] But they won’t stay that way forever. Some mortgage experts are predicting mortgage rates to increase in 2010. So what are the signs that morgtage rates (now at historic lows), are about to go [...]