Lower Home Mortgage Interest Rates Intice Savvy Orange County Home Buyers
Today’s amazingly low interest rates are bringing offers on Orange County homes for sale from qualified buyers with their eyes firmly on the downward rate movement. Yesterday’s rate drop brought out multiple offers on many well-priced Orange County homes today. Especially on REO and Short Sale homes for sale at bargain basement prices. Buyers are even making offers on homes they have only seen on the internet!
Check out these rates posted today on the Wells Fargo web site:
The last time rates dipped this low in Orange County, buyers flooded the banks and lenders with applications – some reporting as many applications in one week as they normally receive in an entire month. Who says buyers are on the fence? Not with this perfect storm of low interest rates, low low low home prices on great Orange County homes for sale, and motivated sellers!
Buyers – Listen Up!
My advice to all of you buyers out there – take the plunge! Make sure you are pre-approved with a direct lender. Make sure you can take advantage of these low rates – you can’t lock the rate until you have a contract to buy. And you can’t buy until you make an offer. And you can’t make a competitive offer without a pre-approval from a direct lender. You get it, right?
So don’t let the perfect storm leave you all washed up and without a great deal - a great deal on the purchase price of your Orange County home – and a great rate on your mortgage interest rate. It is a great time to buy any of the outstanding homes for sale in Orange County, CA today!
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