Tuesday, September 9, 2008

Pending home sales index falls 3.2% in July ~NOT in the Midwest we are up 2.8%

This goes hand in hand with how busy I am with buyer traffic right now.
There are tons of Bargains out there and with the GOV just taking over
Freddie Mac and Fannie May the 30 Mortgage rate dropped to 5.88%!
It is under 6% again. So lock in while you can. If the inflation numbers
don't moderate then the fed may have to raise rates which will have a
negative effect on the overall mortgage market.

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