Mississippi
Mortgage Rates;
It is quite difficult to predict what the Mississippi housing market will do in 2007. The state is still in the rebuilding phase from the disaster of Hurricane Katrina. The unemployment forecasts are looking healthy with the casino industry leading the way. This industry is providing many jobs which is filtering through to the local house prices.
Generally, the market remains buoyant and there are a lot of new builds on the market. Buyers have a lot of choice and should shop around before making a decision. As interest rates remain low, this is a good time to get onto the property ladder. Sellers have to be realistic with their pricing and be prepared to offer added incentives to make their homes more attractive to buyers.
Property in Mississippi remains a great long term investment and the whole state is regenerating after Katrina.
Below are examples of rates currently offered.
For loans up to $417,000
30 Yr Fixed rates from : 5.625% to 6.125%
15 Yr Fixed rates from : 5.375% to 6%
1 Yr ARM rates from : 5.125% to 5.5%
3/1 ARM rates from : 5.125% to 5.75%
5/1 ARM rates from 5.25% to 6%
For Loans above $417,000
30 Yr Fixed Jumbo rates from : 5.875% to 6.25%
15 Yr Fixed Jumbo rates from : 5.625% to 6.125%
1 Yr ARM Jumbo rates from : 5.375% to 5.750%
3/1 ARM Jumbo rates from : 5.5% to 6%
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Looking for a mortgage in one of Mississippi's major cities? Click any of the cities below for more mortgage information.
Major Mississippi
Cities;
Biloxi
Greenwood
Oxford
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