What's happening with mortgage rates in the Pekin Real Estate market ? Rates rose again this week, marking the 4th consecutive week of increase. Freddie Mac says the average rate on a 30 year fixed mortgage has jumped to 4.61 % up from 4.46% last week. If this increment follow suit, the 30 year rate could rise above whwre it was a full year ago in a matter of days. What does this mean for home buyers in the Pekin Real Estate market ? For a $200,000 conventional loan, the sudden rise amounts to $50 more in monhtly payments than if the buyer had locked in rates 6-8 weeks ago.

There is still a great supply of inventory in the Pekin Real Estate market. Are you willing to take a gamble on rates and a chance more of your hard earned money leaving your pocket every month ?

Click For a FREE LIST of 3 bedrrom homes for $120k and less in the Pekin Real Estate market or complete the form below.

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