With the latest swings in the stock market uncertaintly has of course effected the mortgage markets. Despite buyers snapping up real estate and fewer loan being available on the market, mortgage rates are dropping!

Rates were down to an average of 6.28% for a 30 year fixed loan and 6.05 for a 15 year fixed a quarter point lower on average than previous although slightly higher than in recent weeks.

However, with cuts in the Fed Rate occuring and likely it is possible that mortgage rates will follow suit and we will see yet more historic lows to try and stimulate the housing market.

What is for sure is that buyers have a great opportunity on their hands, cheap money and great deals to be had!

If you would like to take advantage of the market and purchase a home in Sedona Arizona then please contact Claudia Ault and her team who will be able to assist you in your Real Estate needs throughout the Verde Valley.

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