North Dakota
Mortgage Rates;
The market remains stable and balanced and prices are expected to appreciate slightly in 2007. With all the negative press about the state of the housing market over the past few months, its easy to think that this is the time to sit tight. But North Dakota still represents an attractive option with a lot of people moving into the state, low unemployment and low interest rates. The economy remains strong and this is affecting the local housing market in positive ways.
Sellers are still getting interest in their homes. They may have to be more realistic about prices but there is no need for wholesale cuts just to sell their homes. Added incentives and some home improvement will always help to make their homes stand out in a buyers mind.
Buyers can rest assured that this is still a great time to enter the property market and it remains a good long term investment proposition. Take advantage of low interest rates and if you find a suitable home, then buy it.
Below are examples of rates currently offered.
For loans up to $417,000
30 Yr Fixed rates from : 6% to 6.75%
15 Yr Fixed rates from : 5.625% to 5.875%
1 Yr ARM rates from : 5% to 6.75%
3/1 ARM rates from: 5.375% to 6.375%
5/1 ARM rates from : 5.625% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo rates from: 6.25% to 6.875%
15 Yr Fixed Jumbo rates from : 5.875% to 6%
1 Yr ARM Jumbo rates from : 5.375% to 5.5%
3/1 ARM Jumbo rates from : 5.625% to 6.875%
5/1 ARM Jumbo rates from : 5.75% to 6.5%
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Looking for a mortgage in one of North Dakota's major cities? Click any of the cities below for more mortgage information.
Major North Dakota
Cities;
Fargo
Jamestown
Minot
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