Low Interest Rates

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According to a realtor, there is more than one incentive to buy a home this time of year.

Blake Krabseth describes interest rates right now as all time lows.

He remembers a time when interest rates were as high as fourteen percent – now those rates are a little above four percent.

Krabseth says another benefit is it keeps your payments low.

“You can lock them in for 30 years and if you can lock in a low interest rate for 30 years and get the home you want because there is plenty of inventory this is the time to come and see a sales professional,” said Blake Krabseth, Minot Multiple Listing Service President.

Krabseth says that interest rates could go back up later this summer.

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