Daily Real Estate News September 2, 2010
Most Home Buyers Have No Regrets A study from Bankrate found that 90 percent of owners do not regret buying their home. The findings also revealed improved mortgage awareness, with only 8 percent of home owners in the dark about what type of loan they have — down from 26 percent two years ago. The poll of 1,001 randomly selected home owners in August showed that 79 percent had fixed-rate financing, and this type of mortgage was used by almost 90 percent of respondents who make more than $75,000. Source: Realty Times, Broderick Perkins (09/02/10)
Mortgage interest rates have dropped to the lowest level in over 40 years! What does this means? It means that the perfect buying conditions have arrived! When you consider the savings over the 30 year life of the mortgage, it’s incredible what difference 1 percentage point makes. Don’t wait for interest rates and prices to rise. Buy your dream home today!
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