They were at it again last week—the party-poopers who wanted to quibble about what newspapers and broadcast media were proclaiming: a shattering of the record lows in mortgage interest rates. For Mesa County real estate followers, the argument missed what is most important: the bottom line that the rates being offered continue to create a heady environment for home buyers and sellers.
Ask any grandparent: “is it actually true that Mesa County mortgage rates averaged more than 18%?” They’ll tell you. It happened. And that was less than 40 years ago.
It’s one of childhood’s most solemn oaths, still uttered by six-year-olds who hope it will convince one and all of their heartfelt intention to keep a promise. More convincing than “honest to goodness” or “cross my heart,” it is nonetheless a fairly counterproductive pledge. Since it needs to be said in the first place, the assurance can’t help but plant a seed of doubt.
Those who closely monitor Mesa County home loan rates were recently treated to a literary fit of impatience by the Mortgage News Daily—usually one of the most dispassionate of mortgage journals. On Friday, it became more than clear that MND has had it!
Most people are aware of the record-setting lows Mesa County mortgage rates are chalking up right now—the kind of rates that create tempting cashflow projections for even the most conservative would-be investors. But, of course, other factors enter the decision, whether they are planning their real estate investment for their own residence or as a rental. Given the uncertainty in the economy, prospective buyers are asking themselves if now is the right time to be investing in Mesa County.
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