Today I read that The Office of Federal Housing Enterprise Oversight tracked the biggest decline in housing price increases in THIRTY years! So why is this good news for home buyers? Simply put, mortgage rates are still close to an all time low. We were spoiled a few years ago with unrealistic rates in the 5% range, but now is a great time to take advantage of the market slow down AND the increase in foreclosures due to people who overbought wih Adjustable Mortgages over the past several years and now can't keep up with adjusting payments.
Call me today to discuss making home ownership a reality!
Until next time...
Anthony
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