Morgage rates still low, sales up

Published On: May 20, 2010

Mortgage rates dropped to an average of 4.93% last week, the lowest rates of 2010 to date.  The average rate was 4.97% for a 30 yr. mortgage in the North Central region of Illinois.

Real Estate sales activity has increased and has been "brisk".  Activity usually peaks in May and June and that trend has been evident this year.  Lower mortgage rates and more homes coming on the market means this is a good time to begin home shopping.  If you are looking to sell, it may have been wise to be on the market a few weeks ago but there is still plenty of time to get started.  Give us a call!  You may win $8,000 in Century 21's Connect 2 the 1 program by listing before the end of June, 2010.