Beautiful Seminole Heights Bungalow
Lowest Rates in 25 Months
We couldn’t have asked for a better Thanksgiving treat than the one we got on Monday: the lowest 30-year fixed-rate in over two years. That’s right. For those of you who have been patiently waiting, here’s your chance to save anywhere from $5,000 to $7,500 or even more on the mortgage financing you’ve been looking for. Do not miss this great opportunity to cash in on the lowest rates since October 2005.
Here’s why you should act now:
Monday saw the lowest 30-year fixed interest rate in over two years. However, each time this interest rate reached previous low points, both last year and earlier this year, it began increasing and didn’t stop, climbing over 0.50% in the months that followed!
Prudential Tropical Realty- Tampa
Rae Catanese, Realtor at 813-784-7744 or
email us.
Fannie Mae and Freddie Mac tightened guidelines, announcing new Loan-Level Price Adjustments. In the first quarter of 2008, most borrowers who have good credit, but have FICO scores below 680, will now be forced either to pay more points at closing or incur a higher interest rate.
The amount that a borrower could be forced to pay, even if they’ve never been late on a payment, could be as much as 2.00% in points or an interest rate that’s 1.00% higher than the going rate.
On a $250,000 home loan, a borrower could have to pay up to $5,000 in order to receive normal market rates! Borrowers choosing the higher interest rate, under the worse case scenario, would stand to lose over $7,500 in just the first three years of the loan.
Choosing to wait could cost you money both in the form of higher market rates and points. This could well be the greatest holiday present you could treat yourself to this year, but only if you act fast!
For Real Estate questions, or to get pre-qualified for a loan contact us.
Gaylord: Know Your MarketNAR President
Richard Gaylord says consumers need to understand what’s going on in their own area. “There is no such thing as a national housing market – it doesn’t perform like the equities markets,” he says. “What’s really important for consumers is to make informed decisions based on individual needs, desires, and timelines in a given area.
Most people plan to stay in a home for 10 years, and for buyers with a long-term view, housing is an excellent investment.”Typical sellers purchased their home six years ago, with the median price in the third quarter of 2001 at $159,100.
Despite the dip in the national median price over the past year, the median increase in value for home sellers who bought six years ago is 38.8 percent. “Nearly every market is showing positive long-term gains, with a home equity accumulation of $61,700 over the past six years for a typical U.S. home owner,” Gaylord says.
Even in most of the places that are undergoing a large price decline, like Tampa, Florida, a long-term increases are quite respectable, he says. For example, the Sarasota area of Florida is showing a median rise in home value of $112,000 over the typical holding period, and ranks well above norm for overall gains.”
To find a Realtor in your area who can provide you with a detailed comparable market analysis contact us or visit http://www.tampabaydwellings.com/
Single-family home sales continue to fall – Tampa Bay Business Journal:
Thinking of buying a home in the Tampa Bay area or beaches? Now is the time to take advantage of the lowest prices.
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View from The Pavilion at The Preserve at Eagle Crest, Lake Glenville North Carolina
Carolina Plateau Group of Cashiers, NC will be representing two home developments at the upcoming Log & Timber Home Show
Friday, Sat. & Sunday Nov. 16-18th
at the Tampa Convention Center 
Our developments are in the most desireable high elevation areas of Western North Carolina at 4,000 ft.
The Preserve at Eagle Crest, above Lake Glenville provides long range views of the Balsam Mountains as well as tranquil Lake Glenville.
There will be a show incentive of 20% off lot pricing for the first 15 lot contracts
Lake View Lot-The Preserve at Eagle Crest
The Divide at Bald Rock in the Cashiers, NC area boasts long range mountain views of Chimney Top, Whiteside Mountain and the Panthertown National Forest.
View from Bald Rock Community
for more information and directions to the show.
Hope to see you there!
We are at booth #608,
The Carolina Plateau Group
For Further Information Call 888-277-2006 x2
Want to find out why more Floridians
move to Western North Carolina?
Home and Land Sales,
Statistics, and Trends
Visit our North Carolina Real Estate Blog
CASHIERS REAL ESTATE INSIDER
The Carolina Plateau Group is hiring a
Development Site Manager in North Carolina.
Inquire Confidentially to
Rae Catanese Shatto
For Further Information Call 888-277-2006 x2
Beautiful Seminole Heights Bungalow
