Found 2 blog entries tagged as buyer's market.

Today in our Market Updates series, we would like to tell you about mortgage rates. Our friends at KCM (Keeping Current Matters) have provided us with some amazing infographics that we are pleased to share with you. We cannot stress enough that NOW IS THE TIME TO BUY!

Here we see the mortgage rates offered by Freddie Mac for the past year of 2014. There has been a steady decline over 11 months from 4.5% to right around 4% at the year's end. Half of a percent may not seem like a large drop, but remember that every dollar counts when you are locked in for 30 years of payments.

The above graphic shows mortgage rate projections for the four leading firms in the country. As you can see, mortgage rates for all four of these firms are projected to…

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KCM, or Keeping Current Matters, is a service which collects national real estate and housing information so that real estate agents may stay up-to-date on market trends. The responsibility now falls on us, as a brokerage, to keep all of our clients informed!

The first major reason why prospective home buyers should seize this moment is: there has been a steady rise in mortgage credit availability. Since November of 2013, banks and lenders have been more and more willing to issue mortgage credit to buyers. 

Another strong motivation to buy now is the decrease in average FICO score needed to obtain a Federal Housing Administration Purchase Loan. Currently, the average acceptable FICO credit score for obtaining an FHA Loan has dropped to 682,…

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