Historical Time to Buy or Upgrade

The current state of the US Economy is no secret, and it certainly has had its affect on each of our lives in different ways. In a time of Recession, our national business cycle lulls, production and Gross Domestic Product decrease which ultimately leads to a fall in employment, spending, business success, and individual family income. Coupled with certain poor decisions executed by the primary and secondary mortgage markets, home ownership became increasingly difficult and undesirable over the last few years.

In accordance with the duties of the Federal Government and the principles of Keynesian Economics, the Central Bank has taken action to attempt to correct the issue by raising the incentives of home ownership. This is primarily being executed by a decrease in home loan interest rates which results in a lower monthly mortgage for you, and an increase in your buying power.

Take a look at the most recent update to the California Mortgage Rate Averages according to Informa Research Services, Inc. as of February 14, 2012.

             Loan Type                                  Today                                Last Week
            
          15 Year Fixed                                3.459%                                  3.436%
          30 Year Fixed                                4.093%                                  4.087%
           1 Year ARM                                 3.307%                                  3.314%
         5/1 Year ARM                                3.230%                                  3.221%

If you are currently renting and considering home ownership, now is the time. Call us to discuss your personal circumstance and the possibility of home ownership for near or less than you're paying now with no obligation.

If you are currently a homeowner, call us today for a free home valuation, and your best options to take adavantage of this historic opportunity.


Mark Winkler & Associates is the only team you want in your corner. With seasoned Real Estate professionals with years of Buying and Selling experience on your side, you will be able to make the most of this once in a lifetime window of opportunity. Call today to schedule a time to meet with a member of the team and get moving!

 Mark Winkler & Associates

619-223-5478