NAR Campaign Talks Up Value of Homeownership.
article from Realtor.org
The National Association of REALTORS® is reaching out to consumers with the facts
about home ownership and the value of real estate as a long-term investment.
...60 percent of a homeowner’s wealth is from the equity they have built in their
home......the average homeowner’s net worth is 46 times the net worth of the
average renter...Read more
|7385 W Hwy 50
Salida - Buena Vista - Chaffee County - Collegiate Peaks area - Arkansas Valley - San Luis Valley
30-Year Mortgages Hit Lowest Rates Since 2005
Long-term mortgage rates remain in a downward pattern, registering the third
consecutive week of decline.
According to Freddie Mac's numbers, average interest on 30-year fixed loans settled the
week at 5.69 percent—the lowest level since July 2005. Other rate declines include:
15-year fixed mortgages slipped to 5.21 percent from 5.43 percent a week ago.
5-year adjustable-rate average retreated to 5.4 percent from 5.63 percent.
1-year ARMs fell to 5.26 percent from 5.37 percent..
Observers generally agree that borrowing costs will remain at or near 6 percent for 2008
unless a U.S. recession surfaces—in which case they expect rates to decline further.
Source: Baltimore Sun (01/18/08)
Truth about you and the "Mortgage Crisis: This may be the best time
to invest. Read more....
Consumers concerned about financing a new home in today's uncertain housing
(www.mortgagetown.org) launched today by the National Consumers League to help
prospective buyers better understand the benefits and risks of homeownership.
National Consumer League Launches Mortgagetown.org
Lenders emphasize that loans continue to be available for a range of potential home
buyers, not just those who are putting down 20 percent and have a credit
score higher than 720. Read More.....
Mortgage Money is Still Available.
Economic Recovery Act (H.R. 3221) on July 30 and targets any
individual or household that hasn’t owned a home for at least three years. Taxpayers
can take the credit on their 2008 tax return if they bought their house this
year after April 9. Read More...
First Time Home Buyer Tax Credit.