I know you hear all the time how Jumbo rate mortgages are so much more expensive and thus buyers are not able to buy homes over $417,000 without either a substantial penalty or paying the difference in cash.
Well that is no longer the case, as of today, July 29,2009, here are the rates from Bobby Green with Bank of America,
· 30 year JUMBO (over $417,000)
0/0 5.875 0/1 5.5%
· 15 year JUMBO
0/0 5.5% 0/1 5.25%
· 5 year ARM
0/0 5.625% 0/1 5.25%
This is about as low as I have seen them, so now is the time to take advantage of these rates and the low prices and buy that dream home now in beautiful Charleston, SC.
Let me know if you or anyone you know is interested. Homes are selling now, I think we have rounded that curve and prices are stabilizing.
Call or e-mail me anytime if you have any questions about real estate, Sincerely,
David Wertan of RE/MAX Advanced Realty in Mount Pleasant and serving all of Charleston
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment