Monday, May 3, 2010

Buyers Rush to Meet Tax-Credit Deadline


As the federal tax credits come to an end, home buyers everywhere are hurrying to get in under the wire. But in California the rush has turned into something of a stampede as some would-be buyers try to qualify for both the federal credit and a $10,000 state credit that kicks in Saturday. As one home shopper tells the Los Angeles Times, "I am looking at properties almost constantly, and it is just kind of a feeding frenzy right now.” "The stimulus has worked," says Rick Hoffman, president of Coldwell Banker Residential Brokerage in San Diego and Temecula Valley. "Buyers are confident that we have seen the bottom of the real estate market and that we are on the way back up." Source: Los Angeles Times, Alejandro Lazo (04/30/2010)


FIRST TIME BUYERS WELCOME! Call Me! 619-850-4174

Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156

www.Barbarainc.com
Barbarainc@gmail.com

Coldwell Banker Nautilus Real Estate
7061 Clairemont Mesa Blvd. Suite 218
San Diego Ca 92111 Lic. #01742839

Most Mortgage Rates Drift Lower


Freddie Mac reports a slight drop in the 30-year fixed mortgage rate to 5.06 percent during the week ended April 29 from 5.07 percent the prior week. A year ago, rates were just under 5 percent. The 15-year fixed mortgage rate held steady at 4.39 percent, while the five-year adjustable mortgage rate dipped to 4 percent from 4.03 percent. The one-year ARM rate rose slightly to 4.25 percent from 4.22 percent. Source: Wall Street Journal, Nathan Becker (04/30/10)

"Making Real Estate Simple!"

Barbara Ann Wibe, e-PRO, REALTOR
Cell: 619.850.4174 e-Fax: 619.512.5156

www.Barbarainc.com
Barbarainc@gmail.com

Coldwell Banker Nautilus Real Estate
7061 Clairemont Mesa Blvd. Suite 218
San Diego Ca 92111 Lic. #01742839