I just got off the phone with my favorite mortgage banker, Debbie Nieto of CTX Mortgage Company.

Debbie Nieto CTX Mortgage

Debbie Nieto, CTX Mortgage Company

http://www.ctxloanofficer.com/debbienieto

We talk often about where interest rates are today, and just as important, where they may be heading tomorrow.

Debbie had some good news to share today; she said she felt that rates appear to have peaked and she anticipates them leveling off for the near term.

However she cautioned that if you’re looking to buy a home, sooner is better than later.

She then explained that even if you delay your purchase a few months or so chasing a lower rate, home prices typically appreciate so you could be paying a higher price for your home with no solid guarantee of a lower rate.

Debbie offers one final word of advice; since fixed rates and adjustable interest rates are very close, there is basically very little advantage to going with an adjustable product at this time especially if you plan to stay in the house for several years.

You can search all of the Knoxville area’s Realtor listings on my website: www.KnoxvilleMLS.com

Debbie and I have worked closely together for many years now. I believe we make a great team; I’ll help you find the best house in town and Debbie will get you the best mortgage loan in town, what more could you ask for. ;-)

Contact Debbie on her website:
http://www.ctxloanofficer.com/debbienieto

or send her an e mail mailto:[email protected] .