Missouri
Mortgage Rates;
2007 will see a more balanced housing market in Missouri. The media speculation of a sharp downturn has failed to materialize and 2007 has started well. Homes are still selling but as a slower rate. Buyers are definitely looking to enter the market and they have more choice and can afford to be more discerning. Prices have depreciated slightly which makes this a great time to buy.
The economy remains strong with low unemployment and low interest rates. Sellers need to be aware that motivated buyers are out there and will be more interested in homes with added incentives. Sellers must be willing to offer add ons to their homes and should consider making some home improvements before putting their home on the market.
Property in Missouri remains a great long term investment and the current climate makes this a perfect time to buy.
Below are examples of rates currently offered.
For loans up to $417,000
30 Yr Fixed rates from : 5.75% to 6.160%
15 Yr Fixed rates from : 5.25% to 6.5%
1 Yr ARM rates from : 5.125% to 5.5%
3/1 ARM rates from 5.25% to 6.375%
5/1 ARM rates from 5.5% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo rates from : 6% to 6.675%
15 Yr Fixed Jumbo rates from : 5.75% to 6.25%
1 Yr ARM Jumbo rates from 5.375% to 5.75%
3/1 ARM Jumbo rates from : 5.375% to 6.875
5/1 ARM Jumbo rates from 5.625% to 6.625%
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Looking for a mortgage in one of Missouri's major cities? Click any of the cities below for more mortgage information.
Major Missouri
Cities;
Columbia
Kansas City
Moberly
Springfield
St Louis
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