Mortgage Rates Drop To Lowest Levels on Record!

Spartanburg Mortgage Rates at Historic Lows

With the government sponsored tax credits expiring on April 30th just about all real estate experts expected sales to drop off the proverbial cliff in the following months to come.  Those months to come were the traditional home buying and selling season too where we annually see the highest amount of sales per month.

Surprisingly, sales in Spartanburg and Boiling Springs areas of South Carolina have been strong.  In fact I have had all the business I could handle while getting the tax credit rush transactions closed.  This month in June we have put 4 more homes under contract.  Not bad considering the rush of buyers in March and April.

So, why is the real estate market staying so hot?  Read more..