Mortgage Rates for 30 year home loans continue to edge down for the 3rd straight week making them closer than ever to record lows reached during the Spring of 09. We’re seeing the lowest weekly average since the week of May 28, 2009 when rates were at the record low. Very attractive for people looking to buy a home or refinance today.
This is great news and coupled with the first-time home buyer tax credit opportunity that is only available for a limited time, we want to urge home buyers to position yourself NOW to make your home purchase. While we’re hearing requests for an extension on the first-time home buyer tax credit program, it does not mean that it will in fact be extended. Even if they do we still have to wonder what new terms may apply if any.
Right now home buyers are in the home-stretch. There’s no time to waste… It’s time to make your purchase so your home can close on or before the credit expires on November 30th. The $8K credit is here, mortgage rates are good and the home selection and values are prime. Call us to make your move in and around the Sherwood area (971) 832-1234
Learn more about the first time home buyer tax credit here.
Sherwood First Time Home Buyer Stats:
In Sherwood Oregon alone, 95 of this years 182 Sherwood homes sales fall within the first time home buyer tax credit range of $200K – $300K. This makes a up nearly half of ALL homes sold in Sherwood so far this year. (Data provided to RMLS – Residential Homes, Sold Date Range 1/1/09 to 9/1/09)
Mortgage Tools:
We’ve made available an interactive live rates feature and mortgage calculator here on DiscoverSherwood.com. These new tools are located on the right side bar and you can use this resource 24/7 right here on our blog.
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