In this Meet the Experts video interview, Greg Simmons talks with Sam Rader from Coldwell Banker Select about the financing options for today's buyers.

Financing is one of the key components in purchasing your new home, here at Simmons, we have made this part of the process easier than ever.

Labels: $8000 Tax Credit, Coldwell Banker, Financing, first time buyer, Greg Simmons, Sam Rader, tulsa mortgage rates

Great news for homebuyers - The average 30-year fixed mortgage rate dips to 5.19%, according to a report from Bankrate.com, the lowest rate since 1956.

Check out the recent story on CNNMoney.com

To put the plunge in mortgage rates into perspective, 30-year fixed home mortgage rates averaged 6.77% in late October. At that time, a $200,000 home loan would have meant a monthly payment of $1,299.86. Now, with the mortgage rates down at 5.19%, the monthly payment for the same loan would be $1,096.99. That works out to a savings of more than $200 per month.

In a stable market like ours - we are able to take advantage of these low rates for a once-in-a-lifetime buying opportunity. Don't miss out!

Labels: mortgage interest rates, mortgage rates, tulsa mortgage rates, Tulsa Real Estate, Tulsa Real Estate News