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The following is an excerpt from Brett Arends of The Wall Street Journal on September 16th: Why is now a great time to buy? Here are 10 reasons: 1. You can get a good deal. Prices are down 30 percent on average. They’re at a level that makes sense for people’s income. 2. Mortgages are […] This past week marks the eighth time in the last nine weeks that mortgage rates have continued to decline and hit record lows. According to Freddie Mac the average 30-year fixed loan interest rate was 4.36% which is down from 4.42% the week before. Rates for 15-year fixed rate loans also hit a new low […] Recent news from the Mortgage Bankers Association shows that foreclosures are declining, but undoubtedly a substantial increase in new construction starts and sales will be triggered by jobs being created. The labor force must be reinvigorated with positive momentum in job creation before consumer confidence will return on a scale large enough to drive home […] Getting a good value is rightfully on the mind of every buyer, especially in today’s market. However, make sure value is defined as more than just the lowest price. Each buyer should do their due diligence to compare all properties as closely as possible based upon the price, condition, and desirability for your needs. Price […] While not moving dramatically downward mortgage rates continued this past week to set new record lows. According to Freddie Mac and as reported by the Wall Street Journal the average 30-year fixed rate loan fell to 4.49% this past week, down from 4.54% the week prior. Other products trending lower were 15-year fixed loans at […] If you’re a buyer in today’s market there are many home options available. However, when you do find the home you’ve been looking for how do you go about making sure your offer is accepted? One somewhat unconventional manner that has seen growing popularity is to appeal directly to the seller, often in the form […] A recent study conducted by Princeton Survey Research Associates International and released by BankRate, Inc. revealed that 90% of all homeowners don’t regret their housing purchase, even with the recent sliding prices. Among those that did regret their decision the most popular reasons were being unable to sell to move to a new location and […] In the desert Southwest there are absoultely termites lurking around most homes and having a proper termite prevention barrier in place is key. New homes will very typically come equipped with a five year warranty, so should you see any termite activity the original subcontractor that treated the home will come out to take care […] Average rates for a 30-year fixed loan fell once again this week down to 4.58% according to Freddie Mac. This represents a new record low avearge and is an additional decrease from the previous record low set last week which was at 4.69%. This continues the good news for buyers in the market today and […] It came down to the last day, but Congress did finally pass the Home Buyer Assistance and Improvement Act. Within this bill lies a provision for extending the closing deadline of the Extended Home Buyer Tax Credit from the original date of June 30th to now September 30th. In order to receive this credit home […] |
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