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Home Buying Real Estate in Port Angeles and Sequim

Want the lowest mortgage payment possible?

Chuck Marunde by Chuck Marunde
December 22, 2008
Reading Time: 1 min read
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Port Angeles Home BuilderIf you’re buying a Sequim or Port Angeles home, or getting ready to have one built, you can wait this market out, or you can take advantage of the lowest interest rates any of us have seen in our adult lifetimes. Under 5% for a 30 year fixed rate mortgage? Are you serious? Yes.

I’ve written elsewhere about Why Building a Home Now is Smart, and that it’s A Buyer’s Market in Sequim, and I wrote articles here about Low Interest Rates and The Perfect Storm, but who would ever have guessed that interest rates would be at levels as low as half a century ago?

I believe that when the market starts to breath again, inflation will slowly bring prices upward, but one of the first economic variables to go up is usually interest rates, so don’t be surprised if they dip as the are now to sub-five percent, and then level and start to climb in 2009.

If you are going to build or buy an existing house, now is nearly the Perfect Storm opportunity with interest rates at historical lows.   A low monthly mortgage payment.   That sounds kind of nice, doesn’t it?

Last Updated on December 22, 2008 by Chuck Marunde

Tags: interest rateslow mortgage paymentPort AngelesSequim
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and 60 books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their Sequim Buyer's Agent. 

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Comments 3

  1. Tina says:
    16 years ago

    I accidentally came to your blog and now i am thinking to visit again and again. Nice blog. keep it up. ..

    Reply
  2. Online Payment For Century 21 Home Mortgage Loan says:
    16 years ago

    Hello , I like a lot of your blog posts, especially the article regarding the lowest mortgage payment possible? This is good writing. Good content.

    Reply
  3. Dave says:
    16 years ago

    This indeed is the best time for the buyers to step into the market with intentions to buy a home. I see so many buyers still waiting, I have only one thing to say those Guys wake up! grab this opportunity, it’s kind of once in a life time.

    Reply

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"I wish I read this before selling my
home. I could have saved $50,000." Andy 

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