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Interest Rates

Posted by Geordie Romer on April 27, 2006

In my discussions with my favorite lender, Darel Ansley of People’s Bank, it sounds like interest rates are starting to nudge up again. (Around 6.5% +/-) Mortgage professionals are guessing it could reach 6.7% later this summer. The good news is that this is likely as high as it will get for a while. If rates stay under 7% for a few years it will really help the real estate market. I haven’t worked in an era of 12% or worse 18% rates and I can’t say I really want too.

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    If you’re planning to buy a home in this area, the best place to start is with the Leavenworth Home Buyer’s Guide.

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