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madison: Why 4.5% interest rates may or may not happen, and why it would happen if they do... - 12/09/08 07:17 PM
There was recently a leak from somewhere in the treasury reporting the treasury may be working on a plan to push mortgage rates as low as 4.5%.
This means a mortgage in Madison, WI or anywhere in the United States would be offered at a historically low interest rate. The goal of the program is of course to stimulate buyers, to bring them "off the fence" if you will.
There is a ton of "buzz" about this, rumors, a lot of misinformation, and consumers need to know a few things.
First, the Treasury has not pledged to institute this program. They may … (1 comments)
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madison: Madison still a great place to buy!!!! - 10/27/08 05:20 PM
The following housing states are for both Madison, and for Wisconsin as a whole. Some markets may be down but Madison is a perfect example of how all Real Estate markets are local.
Between 2003 and the time of writing this blog, Home prices in the Madison MSA have increased 29.8%, compared to 28.2% for the rest of the state. Nationally prices have declined, but here in Madison ytd our home prices have appreciated 1.2%.
In our MSA, the average home price is $227,400, higher than any other MSA in Wisconsin, and Wisconsin as a whole. If you had purchased a $200,000 … (0 comments)
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madison: Purchase Comparison FHA 97% vs. VA 100% - 08/04/08 02:32 PM
Most of the business I have done over the last 6 months has been Government business, particularly FHA. I wanted to post a quick comparison to illustrate the huge advantage presented to Veterans over other First Time Home Buyers.
The following comparison is for a $150,000 purchase, and both loans are 6.5% for comparison. Here in Madison, WI $3,600 is a pretty typical figure for annual taxes and Homeowners Insurance runs about $500/yr, but can be less.
FHA Loan
Down Payment (3%) $4,500
Principal and Interest Payment $933.45
Monthly Mortgage Insurance $60.63
Total Monthly Cost of FHA Loan $994.08
VA … (0 comments)
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madison: A Madison Tradition: Concerts on the Square - 07/09/07 08:58 PM
The Madison Chamber Orchestra is celebrating its 24th year of Free Concerts on the Square. The event was started by famous local as a private concert for friends and family in an effort to bring people back downtown after work. It worked!
For as long as I can remember I have attended these concerts with my family, my stepfather is actually in the Orchestra. This is a Madison tradition and a great place to spend your Wednesday evenings relaxing with friends and family. You can bring a bottle of wine and local vendors are present serving Madison originals.
If you're here, know someone … (2 comments)
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Joe Long - Purchase Perfect
Madison,
WI
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Waterstone Mortgage
Address: 3 Point Place, Madison, WI, 53719
Office Phone: (608) 662-9585
Cell Phone: (608) 354-4171
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