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Tag Archives: Low mortgage rates

Rates are low!!!

“30 year mortgage rates average 3.87% for the 3rd week in a row.  Thats the lowest 30 year mortgage rates since the 1950’s, when long term rates became popular”.

If you are looking to purchase a home, don’t wait!  Now is the time to purchase and take advantage of these low mortgage rates.   Spring is around the corner and there are plenty of homes on the market.  Start looking for that perfect home now and you will be glad you did!

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Home Sales Show Upward Trend

Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.

The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6 percent higher than the 4.45 million-unit level in December 2010. The estimates are based on completed transactions from multiple listing services that include single-family homes, townhomes, condominiums and co-ops.

Lawrence Yun, NAR chief economist, said these are early signs of what may be a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.”

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