Notable Information
First Time Home Buyers Alert!
The first-time homebuyer tax credit has been extended until April 30, 2010. A comprehensive resource for all of your questions can be found here.
Why is Now a Compelling Time To Buy?
To reiterate how low rates are and why it makes now a compelling time to buy, I?ve compiled a forty-year review of annualized average rates of the 30-year fixed rate loan program at 1 point.
As of December 7, 2009, the current 30-year fixed rate was 4.75%.
The facts confirm that we are indeed experiencing the lowest rates in the past forty years. Experts think that mortgage rates will begin to rise in 2011. If you would like more information on specific rates, I encourage you to call your mortgage broker or feel free to call my colleague, Gina Kemsley of Terra Mortgage Banking at gkemsley@terramb.com or (415) 464-3144.
