As a Top Real Estate agent in the Topeka Real Estate area I visit you to visit my website www.beckyburghart.com in order to stay abreast of what is going on in the Real Estate market in Topeka, KS. I frequently post important information about changes in our market, interest rate drops and things that effect local buyers or sellers.
Monday of this week, Fannie Mae and Feddie Mac were saved by the Government. On Monday alone, mortgage interest rates dropped 3 times. Starting at 6.125 and ended at 5.75%. The week prior rates were at 6.5%.l This is the lowest since March 2008. I would highly encourage you to buy if you have been waiting and watching rates. This is the most dramatic drop for months and the unpredictable thing is, rates can change daily. As your lender if you can "lock" a rate without a contract if you are undecided on a house.