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.