Cape Cod Real Estate Homes and Condos for Sale Information

Cape Cod real estate has been very active lately. I am seeing a wide range of homes and condos for sale going under agreement in all price points. However, we have seen a bit of a rise in interest rates. They continue to fluctuate and remain at very low levels. 4.5% for a standard 30 year fixed, but 3.75%for a 15 year fixed. This is still pretty amazing and think they should continue to fluctuate up and down for a little while. The real estate market is looking good and we will continue to see great home and condo prices. Now is a great time to start looking. Many sellers are thinking of winterizing their condos or homes and not using them for the winter. This makes it a great time for buyers to be hunting for homes. For your free mls property search go to www.capecodrealestatebydan.com and go to :Cape MLS or go to http://www.mlspropertyfinder.com/login.asp?agentid=203212

Cape Cod Real Estate, Time to Buy!!

Cape Cod real estate is heating up on the Cape and we are finally seeing buyers pull the trigger and investing in homes and condos for sale. With interest rates at an all time low how could you not!!Interest rates continue to dip with a 15 year fixed currently at 3.85%, by the time you are reading this possibly lower. With lower rates you are able to afford a little larger or more expensive home. It was not that long ago when I had clients come to Cape Cod, Ma and know what they want but unfortunately it usually cost $50-$100k more than they wanted to spend. Interest rates were around 6%. Now with interest rates so low, you can now afford a little more home. To give you an example, If you were to purchase a home at $300k with 20%down you would have a mortgage of $240k. At 6% on a 15 yr fixed rate you are looking at a $2025 month mortg. and a through the lifetime of the mort you are paying $425k for the loan. The same loan with todays standards you are going to pay a monthly of $1757 per month and only $316k over the lifetime. Thats a savings of $3000 per year and over $100k over the life of the loan. The same rate you would be able to afford approximately $40k more than before. Not only are rates offerring you fantastic deals, home values have also come down over the past few year. All of this is creating a perfect storm for real estate. The good news is that you don't have to rush out and buy something today, however, be careful how long you wait to invest. Rates fluxuate daily and could go up at a moments notice. The market should remain flat for the next year but if you seem something out there you like you should make a move. You should always consult a local realtor to get the most intimate knowledge of the area in which you are interested in. If you would like to search all homes and condos for sale on Cape Cod for free you can go to www.capecodrealestatebydan.com and click on search the Cape MLS. Good luck and feel free to contact me anytime.