Mortgage Rates Tumble Again - Spokane, North Idaho News & Weather KHQ.com

Mortgage Rates Tumble Again

SPOKANE, Wash. – According to the AP, average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week. Cheap mortgages continue to help boost prospects for home sales this year.

As for the market in Spokane, KHQ talked to one realtor who is optimistic, despite the poor national stats.

"It is a buyers market, the long of it is it is a buyers market, and you can expect that the sellers are going to pay your closing cost. If the home is priced right, we are getting multiple offers on it, which would indicate it is starting to turn the corner," Brandi Graham said.

Graham went on to say it the best she has seen things in awhile.

"I would say things are looking the best since they offered the first time home buyers credit, that really sparked our market. Which I believe was in 2009, so I think since 2009 it's the tightest we've seen inventory," Graham said.

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