What’s a great way to start of the week? How about hearing some good mortgage news? Well we have some. According to numbers given by the National Association of Realtors in Washington, purchases increased 7.6% last month. That was due in no small part to the $8,000 credit rebate offered by the government. Buyers seemed to have jumped at the chance to get their piece of the action. That brings the annual purchase rate to 5.77 million, which is higher than predicted.
This is all for sales of existing owned homes. So what does this mean to us all? It means that not only is it a great time to buy a house, it’s also a great time to sell a house too. House prices are still low and rates are great right now. If you’ve ever dreamed of owning your own home, it is now even more possible.
Rates are still below 5%. Step 1 is getting pre-approved for a loan, so don’t hesitate in calling your favorite loan specialist. In case you forgot it, it’s the big red number up above. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.
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