And The Rates Keep Dropping

As of 6/25/2010, average rates have fallen to record lows with 30-year mortgage rates dropping to 4.69% and rates on 15-year amortizations as 4.13%

Overall the real estate market remains sluggish due to higher unemployment and continued supply of REO properties hitting the market.

At Sunset Vista Realty, we're noticing an uptick in the number of prospective buyers and are having a hard time finding an adequate supply of nicer properties to supply the demand.

For sellerrs who have been sitting on the sidelines, this may be an excellent time to finally sell your property and for buyers the prices and interest rates couldn't be better.