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Catch The Wave - Must See Interest Rates!

by The Worrell Group

 

A example of the Average Yearly Commitment Rates on 30-Year Fixed Loans. According to statistics provided by Freddie Mac.

Home Prices Still Rising

by The Worrell Group

Typically there is a seasonal summer uptick during May through July; however that peak season came early in March and April with consumers taking advantage of the tax credit.

“Although mortgage rates are at historically low levels and prices remain affordable, unemployment and job uncertainty continue to hurt home sales” states Dan Breault, Regional Director of RE/MAX of Indiana.

While homes sales were sluggish, average home prices continued to climb with eight straight months of price appreciation. With the average price of $155,423, an increase of 8 percent on a year-over-year basis.

At $123,250 the July median home price—the figure at which half of the homes sold for more and half sold for less—rose almost 3 percent from one year earlier, that is 9 straight months of price appreciation on a year-over-year basis.

Displaying blog entries 1-2 of 2

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The Randy Worrell Team
RE/MAX Legends Group
5645 Castle Creek Pkwy N
Indianapolis IN 46250
Direct: 317-819-3330
Voicemail: 317-644-0086

Randy Worrell  -  RE/MAX Legends Group       317-819-3330  Direct       317-590-5709  Mobile