It's still a very good time to buy a home or refinance your existing home. Rates are low, prices are good, maybe as good as they are ever going to get. Who knows what's in store for this world but for now life is good in the North Bay Area and most all of greater San Francisco.
Present Market Conditions
According to Frank Northaft, vice president and chief economist at Freddie Mac, “Mortgage rat es slid last week amid weaker housing economic indicators.” New home sales declined .5 percent in February and pending existing home sales also declined. 30-year fixed-rates averaged 3.99% with an average of .7 points. 15-year fixed-rates averaged 3.23% with .8 points.
In Marin there's a low inventory of homes for sale so home buyers should be prepared and ready to grab the one you want. Call to get pre-qualified.
If you're a homeowner who's a bit underwater the new Home Affordable Refinance Program makes it easy to refinance at today's low interest rates. You only need to have a Fannie Mae or Freddy Mac insured loan made before June 2009 and be current for the last 6 months to qualify for the HARP II program.
If you've been waiting to refinance your home or buy, now's the time.
Call Spencer 415-690-0194
North Bay Realty & Loan
Present Market Conditions
According to Frank Northaft, vice president and chief economist at Freddie Mac, “Mortgage rat es slid last week amid weaker housing economic indicators.” New home sales declined .5 percent in February and pending existing home sales also declined. 30-year fixed-rates averaged 3.99% with an average of .7 points. 15-year fixed-rates averaged 3.23% with .8 points.
In Marin there's a low inventory of homes for sale so home buyers should be prepared and ready to grab the one you want. Call to get pre-qualified.
If you're a homeowner who's a bit underwater the new Home Affordable Refinance Program makes it easy to refinance at today's low interest rates. You only need to have a Fannie Mae or Freddy Mac insured loan made before June 2009 and be current for the last 6 months to qualify for the HARP II program.
If you've been waiting to refinance your home or buy, now's the time.
Call Spencer 415-690-0194
North Bay Realty & Loan
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