Real Estate Information Archive

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Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 4.52%. 

Brought To You By Randy Charlton of Keller Williams Realty.

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Surprising numbers of potential homebuyers are holding off on buying Inland Empire homes.  They see the housing prices drop and are waiting for them to go lower.  They see the mortgage rates and are waiting for them to drop further.  If this is you, you might want to rethink your strategy and take a real look at potential Inland Empire homes.  

 Here are two crucial reasons why you might not want to wait any longer:

1. Interest Rates on the Rise - Thanks to the Federal Reserve buying $1.23 trillion worth of mortgages, interest rates have been kept somewhere between 4.93% and 5.09% for a 30-year fixed-rate loan.  That’s about 0.4 % lower than it might be without the Fed’s help.  However, by the end of 2009, the Federal Reserve had already started implementing a phase out of the mortgage program.  With the Fed program closing at the beginning of this month, it’s not a question of whether mortgage rates will rise, but when, how much and how fast.  The experts don’t expect them to climb very high, stopping somewhere between 5.5% and 6% by the end of 2010.
2. Lower Home Prices - Home prices, predicted to drop another 5% in 2010, will also make some difference in overall cost.  Putting the falling home prices together with the currently low interest rates, you still have a chance to get a great home at a great deal – for a little while longer.

 Instead of waiting for lower costs that may never come, consider where you are now:

 Do you have good credit?

• Are you pre-approved (not pre-qualified) for a mortgage loan?
• Do you know how much home you can afford?
• Are you certain (or as certain as you can be) of your job stability?

 It’s very possible that the market will never be better than it is right now for buyers.  It’s a buyers’ real estate market, with the scales tipped to make homeownership as cheap as it can get.  If you can afford to buy now, but are waiting for things to get even better, reconsider – you might wait yourself into a market you can no longer afford!

Ready to take advantage of this buyers’ market and purchase one of the Inland Empire Homes for sale?  I can help. Call me today at (909) 938-9568 or email me at Randy@TeamCharlton for more information.

Brought to you by Randy Charlton with Keller Williams Realty.

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Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 4.84%.

Brought to you by Randy Charlton of Century 21 Home Realtors.

Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 4.61%.

Brought To You By Randy Charlton Of Century 21 Home Realtors.

Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 4.74%.

Brought To You By Randy Charlton Of Century 21 Home Realtors.

Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 4.84%. 

Brought To You By Randy Charlton Of Century 21 Home Realtors.

The Current Market Is Fragile

I just read an article that talked about the current state of the real estate market.  It appears the experts believe we have hit the bottom of the market crash and home prices have shown to be increasing.  The mortgage rates are still at historic lows and the tax credit for first time home buyers appears to be doing it’s job. 

There are still many waiting and hoping that the tax credit will be extended and maybe even increased.  Others are hoping that the tax credit will be offered to all home buyers and not just ‘first time’ home buyers.  The wait to see which bills pass congress will be filled with anxiety. 

There is also the matter of the ARMS loans coming due and the foreclosures that may follow.  The increase in foreclosures could potentially cause home prices to fall again. 

Become informed of the current market and contact a professional before making any real estate decisions.  With the fragility of the market...timing is everything.

Brought To You By Randy Charlton Of Century 21 Home Realtors.

Current Mortgage Rates As Of Today: 30 Year Fixed Rate Is 5.00%. 

Brought To You By Randy Charlton Of Century 21 Home Realtors

     I just read an article concerning the recent change in mortgage rates and thought I would pass along.

     Even though rates have increased to over 5%, they remain historically low. You couple that with the lower home prices we are seeing and now is still a very good time to buy a home.

     You can read that article by clicking here!

Brought to you by Randy Charlton with Century 21 Home Realtors.

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Long-term mortgage interest rates continued higher Thursday, and the benchmark 10-year Treasury bond yield fell to 4.74 percent.

The 30-year fixed-rate average inched up to 5.78 percent, and the 15-year fixed rate was up at 5.55 percent. The 1-year adjustable held at 5.38 percent.

The 30-year Treasury bond yield decreased to 4.84 percent.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

Brought to you by Randy Charlton of Century 21 Home Realtors.