Long term interest rates have trended down so far in May with 10 year treasuries easing to 3.25% recently from 3.72% at the beginning of the month. The interest rates seem to be coming down due to the economic crisis in Europe (primarily Greece) and some signs that the U.S. economy is not as robust as some were thinking.

Real estate sales transactions continue to be fairly slow although prices still appear to be holding (I have seen some “price reduced” ads). There is not an abundance of inventory and buyers are not very aggressive. However, agriculture on the whole is still thriving and interest rates are historically low. Our lenders are still making loans and we are actively looking for new business. Now may be a good time to lock that short term variable rate loan into a longer term fixed rate. When the short term rates start to move, it may be too late…

Contact us today to get the current rates and terms!