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freddie mac: Why Is It A Great Time To Buy? - 09/12/08 06:33 PM
There are a number of reasons why it is a great time for first-time home buyers to jump in and buy this Fall, including:
The inventory is great and prices are very competitive as the market is stabilizing, thanks to the government takeover of Freddie Mac and Fannie Mae. Interest rates have already dropped .5% are they are likely to decline further as Freddie and Fannie get government help. The Federal Housing Administration recently boosted its loan limits.  In Orange and Durham Counties, FHA provides mortgages up to $331,250.  The great thing about FHA is the borrower only needs to put … (1 comments)

freddie mac: Freddie Mac and Fannie Mae - 09/12/08 06:29 PM
I am sure you are hearing in the news about the Government stepping in to provide stability to Fannie Mae and Freddie Mac.  I received the information below from Robbie Oakes, a lender with Corporate Investors in Chapel Hill.  It is a great explanation of why this needed to happen. 
I did want to let you know that there has been an immediate effect on mortgage rates.  Today, they dropped about a .5 point and they could go lower.  Today's rates are:
5.375 for 15-year fixed
5.625 for 30-year fixed
Please read below if you want a great explanation for why this … (0 comments)

freddie mac: Answering the Tough Questions - 08/25/08 04:41 PM
Today a prospective homeowner turns on the T.V. or picks up a newspaper and hears little about the housing market but doom and destruction.  Foreclosures, mortgage-loan related bank failures, slow housing starts, and poor home sales dominate the news.  Tougher credit requirements are now the norm as a remedy to further financial trauma for consumers and banks alike.  All of this may lead a would-be buyer to quickly answer the question "Is now a good time to buy a home?" with a resounding "NO!" 
Before signing that apartment lease for another year, a would-be buyer scared off by current events in … (0 comments)

 
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Team Jodi - Chapel Hill Real Estate, Durham Real Estate

Chapel Hill, NC

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Jodi Bakst, Broker @ Chapel Hill Realty

Address: 6011 Farrington Road, Ste 102, Chapel Hill, NC, 27517

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If you are buying or selling in Chapel Hill, Carrboro, Durham, Hillsborough, Durham or Orange, Durham or Chatham Counties, you have come to the right place. Jodi Bakst and her Team of Real estate specialists provide seamless customer service for our buyer and seller clients throughout their relocation or move.


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