There is a good reason to buy now instead of waiting for prices to come down.
Consider a typical home that sells for around $219,000. For example, you put down 20% and get a 30 year fixed rate mortgage at today’s rate of 5.5%. With that, monthly principal and interest payments would come to around […]

The Federal Reserve’s recent rate cutting moves are not lowering mortgage rates for new buyers, as much as they helping those who hold existing adjustable rate mortgages.
In addition, rates on home equity lines, credit cards, and many auto loans have all dropped significantly. Many homeowners now will not face higher rates as their adjustable-rate mortgages […]

Preparing your home for sale will make a big difference in the amount of time it takes to sell. By following a few simple pre-marketing tips, you can eliminate any buyer objections before they arise by doing needed repairs, maintenance and improvements.
Outdoors:
Spruce up gardens and lawn, trim shrubs and replace dead plants; Arrange neatly […]

Despite national headlines pounding out news of a housing market meltdown, all markets are not even remotely equal. In the NAR’s latest price survey, almost half of the country experienced price increases. Upstate New York for example is an area where home prices in the final quarter of 2007 raised an average of 9%, Binghamton, […]

Buyers, if you have been sitting on the sidelines watching, now is a good time to buy!  Home prices have come down, interest rates are excellent, and banks are providing excellent loan packages. 
Housing industry observers are hopeful that the recent decline in mortgage rates will lead to a recovery in the market.
Freddie Mac reports that […]