Affordable California Real Estate! Easy Bay Luxury Foreclosure Property presented by Cathie Marples
Holmes Publications
August 18, 2009
MarplesTeam.com
Home prices have declined substantial in many markets around the country and tax incentives and other inducements have first-time home buyers and others weighing the possibilities. In eastern Contra Costa County alone, the average decline in home values from the peak in 2006 is around 50%!
Home affordability, as defined by the National Association of Realtors´ Housing Affordability Index, stands near all-time highs, thanks to declining prices and historically low mortgage rates. Yet, while some home buyers hold off on purchases as they attempt to catch the home price bottom, they could miss the mortgage-financing opportunity of a lifetime.
Interest rates remain at historically low levels. Current 30 year mortgage rates are around 5.5% while the historical average mortgage rate in the United States is around 9%!
One thing is crystal clear: the odds that mortgage interest rates will rise are much greater than any continued mortgage-rate decline. And for most home buyers, the cost of mortgage financing can be as important as the price of the home itself.
We believe that the best long-term financial real estate decision for our home buying clients is to purchase a home within the next 12 month window. Our goal is to demonstrate the degree to which housing prices and mortgage interest rates could move from this point forward. Home buyers waiting for the absolute lowest price on a house could miss a golden financing opportunity and the lowest overall cost of homeownership!
We look forward to answering any questions you may have and we look forward to representing you with all of your future real estate needs! I am confident our 32 years experience and $1.5 billion in closed real estate transactions can provide you with the finest real estate representation available in our marketplace!
Best Regards,
Matt Marples
Operations Manager
(925)634-7774
Instantresponse2@MarplesTeam.com
MarplesTeam.com
Home prices have declined substantial in many markets around the country and tax incentives and other inducements have first-time home buyers and others weighing the possibilities. In eastern Contra Costa County alone, the average decline in home values from the peak in 2006 is around 50%!
Home affordability, as defined by the National Association of Realtors´ Housing Affordability Index, stands near all-time highs, thanks to declining prices and historically low mortgage rates. Yet, while some home buyers hold off on purchases as they attempt to catch the home price bottom, they could miss the mortgage-financing opportunity of a lifetime.
Interest rates remain at historically low levels. Current 30 year mortgage rates are around 5.5% while the historical average mortgage rate in the United States is around 9%!
One thing is crystal clear: the odds that mortgage interest rates will rise are much greater than any continued mortgage-rate decline. And for most home buyers, the cost of mortgage financing can be as important as the price of the home itself.
We believe that the best long-term financial real estate decision for our home buying clients is to purchase a home within the next 12 month window. Our goal is to demonstrate the degree to which housing prices and mortgage interest rates could move from this point forward. Home buyers waiting for the absolute lowest price on a house could miss a golden financing opportunity and the lowest overall cost of homeownership!
We look forward to answering any questions you may have and we look forward to representing you with all of your future real estate needs! I am confident our 32 years experience and $1.5 billion in closed real estate transactions can provide you with the finest real estate representation available in our marketplace!
Best Regards,
Matt Marples
Operations Manager
(925)634-7774
Instantresponse2@MarplesTeam.com
MarplesTeam.com
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