My New Blog

There's never been a better time to buy!  Rates are the lowest they've been in 4 years!  Inventory is high, so there are many homes to choose from.   Prices have come down, so homes are more affordable.  And, most sellers are willing to negotiate.  Don't be one to say, "I SHOULD HAVE bought a home" a year or two from now!!!!  Now's the time to act.  Please read the following article from the National Assoc. of Realtors:

30-Year Rates at Lowest in 4 Years
Freddie Mac reports a decline in the 30-year fixed mortgage rate to 5.47 percent during the week ended Dec. 11 from 5.53 percent last week and 6.11 percent a year ago.

Some lenders are locking in even lower rates as they build on momentum started when the Federal Reserve announced plans last month to purchase a substantial number of mortgage-backed securities. HSH Associates and Inside Mortgage Finance are reporting interest on 30-year fixed loans at 5.33 percent and 5.09 percent, respectively.

Freddie Mac chief economist Frank Nothaft says mortgage rates also were driven downward by the recession and rising unemployment.

Source: The Washington Post, Dina ElBoghdady (12/12/08)

© Copyright 2008 Information Inc.</a>]