One of the benefits of a weak economy is lowered interest rates on long term mortgages… We recently helped a buyer close on a home here in Mesa, and the FIXED RATE LOAN was priced at 3.99%. Yes – a 30 year, fixed rate loan, was written at 3.99% !!! Not a hybrid, buy-down, or other exotic loan product – the plain-jane vanilla loan that we’ve all come to know and love… The lender, who has been in the loan business for 20+ years, had never originated a loan that low… Where will they end up? Will they go lower? That answer is unclear, but let’s hope they stay low for awhile – it helps buyers and sellers alike to have loan money be more easily obtained, and takes pressure off of the affordability equation that buyers face. For now, homebuyers in the Gilbert area can expect to find these low mortgage rates very much to their liking… For home buyers in Val Vista Lakes, these rates would also be available… We’d be happy to connect you with a lender and find you a home…