Monday, August 30, 2010

Woodmoor Home Prices Continue to Decline

Home prices in the Woodmoor area are still on the decline, as we move into the slower time in our local real estate market (fall).  The kids are back in school and showings have slowed down significantly.  This gives buyers greater bargaining capabilities as fewer buyers are competing for the same homes.  If you are ready to take advantage of these deals, contact Claire Boynton with The Platinum Group, Realtors at 719-481-1000 or claire@myfirstclassteam.com

Interest Rates are near all-time lows

Interest rates today for a 30 year fixed mortgage are about 4.25%, depending on credit and down payment.  The market is showing signs that interest rates may start to rise soon.  It's a great time to buy!