Have you heard the great news?
-Mortgage rates for Aug. 2009 are at 5.25 percent, down from 6.5 percent the same time last year.
-Affordability remains favorable with the median mortgage payments requiring just 16 percent of the average income.
-Home sales are up 17 percent from July 2009, boosting the median home price for June up 3.6 percent to $181,000.
-Get more stats plus tips for making the most out of the buyers market from mortgage industry expert, Tommy Nelms in August’s This Month in Real Estate.
Click Below for a short informative video.
http://www.youtube.com/watch?v=6O-UFD5q-HI
Saturday, August 29, 2009
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