LOW HOME PRICES! LOW MORTGAGE INTEREST RATES! HEIGHTENED CREDIT AVAILABILITY! IT'S NO WONDER FIRST TIME HOME BUYERS ARE BUYING AGAIN!
Home sales were up over 7% last month. While home sales were up last month home prices were down. Talk about having your cake and eating it too! This could be the opportunity of a lifetime! While it's impossible to know if we're at a bottom I believe the argument could be made that we're probably at least near a bottom. First Time Home Buyers are now taking advantage of the current market environment. The Federal Government now owns Fannie Mae, Freddie Mac, FHA & VA. They are doing all they can to get First Time Home Buyers into homes. Low down payments. Seller paid closing costs. Seller paid mortgage rate buydowns down to a 3% interest rate the first year. Does it get any better than this?
Waiting to buy has paid off for First Time Home Buyers. Waiting too long many may miss out on the current opportunities in the marketplace.
Mike Leen
Wisdom Mortgage
Where knowledge is the key!
206-524-2366
http://wisdommortgage.com
mikeleen@wisdommortgage.com
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