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Low Mortgage Rates Still Lure Buyers in December in Seattle.
Knight Ridder/Tribune Business News, January, 2003
By Kristina Shevory, The Seattle Times Knight Ridder/Tribune Business News
Jan. 7--Home sales grew in December as buyers continued to take advantage of low interest rates and plowed their investment money into real estate.
"December was good for closings and also for the origination of new sales, which usually doesn't happen at the end of the year," said Gary O'Leyar, a real-estate broker and owner of Prudential Signature Properties in Seattle.
"Most people wait to look at or put their homes on the market until after the holidays. But low interest rates motivated a lot of sellers and buyers to remain in the market," he said.
Interest rates on 30-year fixed-rate mortgages remained low in December, dipping to 5.93 percent at...
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