Real Estate Information Archive

Good Monday morning to you!

What If?

What if you had the opportunity to purchase a home on a 15 year mortgage, allow us to find you a renter, 15 years from now own the home free and clear, and in 18 years sell the home and have most (if not all) of your child or grandchild's college tuition paid for?

What if you COULD sell your home for what you paid for it (despite what CNN says) and buy another home that is worth 12-18% more than the one you have owned - with the SAME or LESS MONEY PER month?

What if you could take the $1000 per month you are currently spending on rent, and pay less than that each month with an FHA/VA loan on a home worth $130,000?

This is opportunity that lies before all of us. For more details on what is available, check out www.TheFallsHomeFinder.com.

Make it a great week!

Your talent is God's gift to you. What you do with it is your gift back to God. Leo Buscaglia

You have 92,750 reasons to be happy if you missed the 1st Time Home Buyer Tax Credit.

Less than 2 years ago, rates were at 6.5% fixed on a 30 year conventional loan.

Today, with Wichita Falls local lenders, rates hit 4.5% on a 30 year conventional loan.*

If you took a $200,000 loan out, this change in interest charged would save you $92,750 over the life of the loan, as compared to where rates were not long ago.

This is a HUGE savings and should not be taken lightly. See www.TheFallsHomeFinder.com for every home available at this time in our market.

*You must qualify, and rates vary and are not guaranteed.

Ashton Gustafson - Owner- Bishop Realtor Group

Money has never been this cheap.

 
RATES AS LOW AS:
30 YEAR RATES 4.375%
15 YEAR RATES 3.875%
With local lenders today.

www.TheFallsHomeFinder.com  -

FIND YOUR NEXT HOME HERE!

When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.

We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.

Right now, they can save A LOT! For instance, let’s say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today’s home buyer will save $80,000! That's 8 times more than the home buyers tax credit.

If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.

Good morning.

Interest rates have never been this low.

We haven't seen mortgage rates this low since the 1950's, when people were taking out 20 year loans.

When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.

We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.

Right now, they can save A LOT! For instance, let’s say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today’s home buyer will save $80,000! That's 8 times more than the home buyers tax credit.

If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.

Rates have trended up this week with reaction to the Fed’s announcement that the discount rate was increasing from .5% to .75%. This is the rate banks lend to each other.  The 10 year treasury is now above 3.8% and has taken mortgage rates to a slightly higher level.  Rates as of today are………
 
Conventional
30 year fixed                      5.125% 0+0         (740 FICO, $120,000 maximum loan amount)
15 year fixed                      4.500% 0+0         (740 FICO, $120,000 maximum loan amount)
 
FHA
30 year fixed                      5.250%  0+0         (660 FICO, $120,000 maximum loan amount)
15 year fixed                      4.500%  0+0         (660 FICO, $120,000 maximum loan amount)
 
Jeff McClatchy
VP, Mortgage Manager
Fidelity Bank
940-720-5425 direct
940-564-6650 cell
jmcclatchy@fidelitybankwf.com

Rates have risen slightly in the past week along with the stock market. You will see the current rate chart from a local lender today. The ten year Treasury is now trading just below 3.5%, up from the 3.2 % range last week which has caused rates to move upward.  It seems that when news about the current economy is positive, rates move upward.  They are still near all time lows as you will see on one of the charts I have attached.  As the economist have said, “don’t let interest rates stand in the way of purchasing a home”.
 
Have a good weekend. Let me know if I can serve or answer any questions.
 

Rates as of 10-16-09
Conventional
30 yr fixed  4.875%     .75 + 0   (740 fico, >$125,000 loan amount)
                5.000%     .25 + 0   (740 fico, >$125,000 loan amount)
                5.125%         1 + 0  (740 fico, >$125,000 loan amount)
 
15 yr fixed       4.500%      0 + 0   (740 fico, >$125,000 loan amount)
 
FHA                5.250%       0+0    (640 fico, >$120,000 loan amount)
 

Ashton Gustafson

www.TexomaHomeSource.com - Info

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

Good Monday morning to you!

Looks like Fall is starting to creep its way into Texoma this morning. The weather forecast also anticipates much needed rain - we can never say no to the rain here in North Texas.

What about the Real Estate forecast???? Many of you have called and emailed me with questions in regards to where the market is headed. While I do not have a Real Estate "radar", I do know where the market is today - and that answer is good.

The first time home buyer tax credit is set to expire on November 30. If you are looking to get this tax credit, we need to be looking asap. See www.TheFallsHomeFinder.com to make a "favorites" list and let me know when a good time for you to look is. The market is already getting tough in the ranges where these buyers are looking.

Also, interest rates are at historical lows. This is very important to remember, and often overlooked. The reality is, each time the rates increase, your purchasing power decreases - so today, you can afford more than you can tomorrow. The chart below will show you just how attractive these rates are - historically speaking.

We have also seen great results lately on the selling side here at the Bishop Group. There's no doubt its tough out there, but in this down market we are ahead of where we were a year ago.

Please let me know if there is anything I can do for you or anyone you may know this week...I'm here to help.

Make it a great week.

"You will find the key to success under the alarm clock." Ben Franklin