Low Interest rates boost real estate sales - WALB.com, Albany News, Weather, Sports

Low Interest rates boost real estate sales

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July 3, 2003

Albany--If you're looking into buying a new home, there may be no better time than now. Interest rates are lower now than they have been in many years.

Real estate, for both homes and businesses, are experiencing a significant impact due to the change. Marilyn Hedrick, an investment counselor, says "Interest rates are really low, mortgage rates are low, so we can buy a house, and our house payments are lower than they've been in probably thirty or forty years."

The decrease in interest rates does, however, have a negative impact on people who have much of their savings in certificates of deposit, savings or are interested in buying bonds right now.

Posted at 10:24 AM. by jennifer.hulsey@walb.com