Mortgage Applications Rebound after Six Week Decline: The week ending December 6th saw mortgage applications increase by one percent; it was the first time in a month and a half that the numbers edged upwards. While the increase may seem insignificant to some, it’s a great sign for the housing market. Don Frommeyer, CRMS, President of NAMB (The Association of Mortgage Professionals), shares his insights on the mortgage numbers. Read more
Good news for buyers? Right now you can still get your loan for outstandingly low interest rates. That will change! Rates are going to increase. As of this morning I am still seeing rates as low as 4.375 on 30 year fixed loans. Do you want to pay more?
Good news for sellers? For those looking to sell their home it means there are buyers out there working with loans that need to be put in place before the rates go up. The time to list your home is NOW!
Here are the numbers for last week’s activity in the central valley (Colusa, Sutter & Yuba Counties:
|Week ending||Newly Listed||Back on Market||Price Increase||Price Lowered||Under Contract||Closed|
If you are thinking about buying or selling real estate in the near future, now is the best time for action.