Just released: On a national level the Unemployment Rate has dropped from 7.3% to 7.0%. This is the lowest rate since November of 2008. According to reports, this mirrors the overall economic health increase.
How can this be bad news? If you are looking to purchase a home, you might be looking at an interest rate increase. As the overall economic situation improves, the government’s subsidies to banks and other funds will decrease.
OK, it’s not really bad news, for some. For others it could price them out of their purchase. So, how do you take advantage of this situation?
If you are thinking about buying or selling real estate in the near future, now is the time for the best interest rate.