Tucson Homes for Sale - interest rates take a downturn a great time to buy a Tucson Home

 

Buying Tucson Homes for Sale in the current market just became better.

 

Coutersy of freefoto.com

 

Long-term mortgage interest rates went down again on Tuesday, with the 10-year Treasury bond yield falling to 3.57 percent.

The 30-year fixed-rate home loan rate average went down  to 5.47 percent, and the 15-year fixed rate also took a turning down to 4.95 percent. The 1-year adjustable rate, however, went up to 5.07 percent.

The 30-year Treasury bond yield was down at 4.33 percent. 

There is not a better time to buy a Tucson home for sale in the current market with such great interest rates, and with a great selection of Tucson new homes and resale Tucson Homes available for sale in all price ranges. Some builders are even offering 4.8% interest on a new inventory built home with added buyer incentives off the price of the home.

The amount of inventory in the market has decreased over the last 6 months according to the Tucson Association of Realtors monthly statistical reports.

The mortgage rate figures come from www.bank rate.com and Inman News, which  both publish daily information on Banking surveys in 50 States. Points on these rates vary from 0 to 3.5. Tucson Buyers and  investors wishing to take advantage of this great time to buy and hold Tucson Real Estate should be happy with the recent drop in interest rates. You can check for a complete Tucson selection of homes for sale  at thetucsonexperts.com

Other economic news states that the Dow Jones Industrial Average went down  370.03 points, or 2.93 percent, finishing at 12,265.13. The Nasdaq lost 73.28 points, or 3.08 percent, closing at 2,309.57.