Newton Real Estate Blog
Happy New Year
Wednesday January 7th, 12:43pmHappy New Year - 2010!
These are interesting times that many of us have never experienced. The good news is that the interest rates have fallen below 5 percent for conforming loans. I am refinancing my Wellesley home at 4.875% and saving almost $600/mo. If I then apply that savings ($600) to my mortgage I will pay my loan off in just over 19 years versus the 30-year note.
That is fantastic news!
I am actively working with many buyers and sellers who are taking advantage of this market.
- 1st time home buyers are getting wonderfule homes are very low interest rates
- Move-up buyers are trading up and finally getting the home that was previously out of reach AND at a very good interest rate
- Sellers - Inventory of homes for sale is low. People are holding off waiting to sell. It's a great time to sell as there is not a lot of competitive homes available. (BUT, you must price your home right on the money!)
I enjoy selling Real Estate and would be delighted to help you in these interesting times.
Why not give my team a call at 781-694-3506 and see the difference of working with a full-service team - Christine Norcross & Partners backed by a fantastic company - William Raveis Real Estate.
Happy New Year. Chris
Christine Norcross - Realtor, GRI, ABR, ePRO, MBA