Tuesday, September 29, 2009
Rates Now Lowest of the Year!
Home mortgage interest rates are now at their lowest levels of the year. Most mortgage products are starting in the 4% range. The rate you will qualify for is dependent upon your credit worthiness (FICO Score) and the Loan to Value Ratio of your purchase/refinance. Now just might be the time for you to get the lowest rate ever!
Friday, September 25, 2009
GOOD NEWS: $250K and Below Home Market Stabilizing
The National Association of Realtors now reports that there is only a 2 month inventory of new and used homes in the $250K and below range. This market is therefore stabilizing, and in some areas, already moving quickly.
This price range is historically the market for First-Time Home Buyers (those who have not lived in a property that they own during the last 36 months). Buyers who want to take advantage of the Federal $8,000 tax credit and their Realtors need to remember that this program ends November 30, 2009. The sales transaction must close by that date to qualify.
This price range is historically the market for First-Time Home Buyers (those who have not lived in a property that they own during the last 36 months). Buyers who want to take advantage of the Federal $8,000 tax credit and their Realtors need to remember that this program ends November 30, 2009. The sales transaction must close by that date to qualify.
Subscribe to:
Posts (Atom)
