Tuesday, May 25, 2010

Mortgage Rates Falling

Some good news from the Wall Street Journal
The financial turmoil in Europe is providing an unexpected windfall for American home buyers, as international money seeking a safe haven is flowing into the U.S., pushing domestic mortgage rates to the lowest levels of the year and back near 50-year lows.
The housing industry had been bracing for months for a period of rising mortgage rates, triggered by the end of the Federal Reserve's $1.25 trillion mortgage-securities purchase program. Conventional wisdom held that mortgage rates would rise as the Fed pulled back from propping up the market.
Instead, many in the industry now say rates could drift as low as 4.5% this summer from 4.86% now, instead of rising to 6% as some economists projected, making for significantly lower payments for Americans buying homes or refinancing their mortgages.
Full Story Mortgage Rates Decline - Home Buyers Get Surprise Boost From Europe Crisis as Loans Drop to Below 5%
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Monday, May 17, 2010

Why Hire a Real Estate Agent

Some decisions are easy. Others not so much. And sometimes you just need more information to make the right choice.
Why work with a Realtor? Elizabeth Weintraub, an About.com guide, gives us this: Top 10 Reasons to Hire a Real Estate Agent
And when you want to know about Recreational Land in Wisconsin - contact our Realtors: Roy Burlingame, Jerry Burlingame and Kim Auman. They'll be happy to find all the information you need to help you make an informed purchase.