Tuesday, July 18, 2006

Bad News Bonds: Good for Rates

Remember, when the bond news is bad that is good for our mortgage rates. Overnight real estate rates tumble for a 30-year fixed rate at 6.31%; 10-year Treasury yield at 5.06%

Now more than ever (because these rates won't stay down for a long time), it is a buyers market. I put together another buyer program yesterday where we sat down and set my clients real estate goals for her first condo purchase. My client was quite surprised how easy it was to make a purchase with the little money she (thought) she had available. She was especially amazed to learn how much she would save when we factored in the tax benefits of owning (versus renting).

Call me anytime to discuss your real estate goals.

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