Cold Front Moves In For Sacramento Real Estate Market …


Sacramento Cold Real Estate Market

Cold Sacramento Real Estate Market

If Sacramento area real estate buyer trends have any resemblance to the national trends, things may be heading into a long, slow spell…

Even with mortgage interest rates are at their lowest levels in five weeks, a seasonally adjusted index of home purchase applications was at its lowest level since 2000, the Mortgage Bankers Assn. said in a report yesterday.

The closely watched Freddie Mac report on rates also came out Thursday, showing 30-year fixed home loans at an average of 4.91% this week for borrowers paying 0.7% in up-front points and fees to lenders.

So even though mortgage rates are so low, home sale mortgage applications are declining —

So even with the government’s $8,000 tax credit for first-time home buyers has been extended, and a $6,500 credit for many move up buyers, the numbers are way down…

Leave a Reply

Copyright © 2007 Sacramento Real Estate Talk     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Disclaimer: The information contained on this website is deemed reliable but not guaranteed in any way. This information is not to be taken as legal advice

Phone Number: 916-248-7777 / DRE: 01319540