The June 2008 REAL Trends housing market shows that, for the first time in nearly three years, housing unit sales are at the beginning stages of finding a floor and perhaps even heading up. In this months report, the key states of California and Nevada showed increases in units closed, versus the same month a year ago.
This is important news that in todays negative media will surely be glossed over, these are the states that started feeling it first and they fell hard and fast and now they are coming back. As you know here in Charleston we thought we might be able to escape the downturn because of the strength of our economy, the diversity of it, the trend of people moving to our area, etc, yet now we know there was no escaping it.
Our values have fallen, a lot of people have lost their homes and many more are on the brink of it, we will rebound and we will rebound strong. The buyers that get in the market now will be able to look back and say "Yes, I was smart enough to buy when everyone else was selling and got a deal".
Right now there is still money available and don't forget about the tax credit for first time homebuyers of $7500, with all of the shake up in the banking industry I would buy now before it becomes any harder to get financing. Call me or a member of the Wertan Team to take advantage of this market today, thanks, David Wertan of Re/Max Advanced Realty
Monday, September 29, 2008
Monday, September 22, 2008
Refinance Rates at All Time Lowes
I have signed up with Alera Mortgage and now thru a partnership with our Re/Max office can offer you assistance on all your real estate financing needs.
You may have read the recent article in Market Watch, a division of the Wall Street Journal that discussed the effect the government takeover of mortgage giants Fannie Mae and Freddie Mac has had on lowering interest rates. The article mentioned that in the wake of the take-over interest rates on 30-year fixed-rate mortgages have dropped substantially and are now below 6%.
This will have a major impact for many home buyers and for home owners seeking to refinance their existing mortgage loans. I would encourage everyone interested in purchasing a home or those interested in refinancing to see if they can benefit from the current decline in rates.
Many things have happened in the mortgage business over the last 12 months but the one thing that has remained constant is that rates have remained low and are now at the lowest levels in years. Even with mortgage qualification guidelines tightening most of my customers have had no trouble qualifying for a home loan. Alera’s broad product line of 200 mortgage solutions meets a wide spectrum of real estate financing needs, from first time home buying to refinancing to sophisticated real estate investment strategies.
As always, I thank you for your business and referrals! If there is anything I can do to assist you with a mortgage loan or if you just need to information on current rates and loan programs available, please call me thanks, David Wertan of Re/Max Advanced & Alera Mortgage Representative
You may have read the recent article in Market Watch, a division of the Wall Street Journal that discussed the effect the government takeover of mortgage giants Fannie Mae and Freddie Mac has had on lowering interest rates. The article mentioned that in the wake of the take-over interest rates on 30-year fixed-rate mortgages have dropped substantially and are now below 6%.
This will have a major impact for many home buyers and for home owners seeking to refinance their existing mortgage loans. I would encourage everyone interested in purchasing a home or those interested in refinancing to see if they can benefit from the current decline in rates.
Many things have happened in the mortgage business over the last 12 months but the one thing that has remained constant is that rates have remained low and are now at the lowest levels in years. Even with mortgage qualification guidelines tightening most of my customers have had no trouble qualifying for a home loan. Alera’s broad product line of 200 mortgage solutions meets a wide spectrum of real estate financing needs, from first time home buying to refinancing to sophisticated real estate investment strategies.
As always, I thank you for your business and referrals! If there is anything I can do to assist you with a mortgage loan or if you just need to information on current rates and loan programs available, please call me thanks, David Wertan of Re/Max Advanced & Alera Mortgage Representative
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