Remember When You Thought 6% was a Great Rate?

If you purchased your home when rates were higher and you have not refinanced into a lower interest rate, you remember when 6% was a great interest rate.

It’s not now. The average interest rate on a 30-year fixed rate mortgage has recently jumped from 5% to more than 5.3% and home buyers in [...]

Home Sales | End of 2009 Summary

MSNBC.com reports in, Home sales tumble as first-time buyers back off, that sales of previously owned homes fell more last month (December 2009) than in any other month in the last 40 years: 16.7% according to the National Association of Realtors. However, for the first time in the last four years, home sales actually [...]