++ GREAT MORTGAGE RATES! ++

Jeff Forman, Allied Home Mortgage Corp in Cary (jforman@alliedhomenet.com) just notified us of the following:

There are many positive things going on in the Real Estate Market. Sellers/Builders are more willing to negotiate and interest rates are at historic lows. FHA loan limits have been raised and is still one of the best programs available for buyers with less than perfect credit and offers the lowest rates available as well.

Please contact me directly for a Free Mortgage Ananlysis.

30 Year Fixed FHA Purchase or Refinance - 5.375%

30 Year Fixed Conventional Purchase or Refinance - 5.5%

30 Year Fixed Rural Housing / USDA - 5.375%

Contact Vic Kaspar, Lead Broker, Kaspar Team, ReMax Executives for all of your NC Raleigh, Cary and Triangle NC area homes! (919) 280-9898 or Vic@KasparTeam.com. You can search for all homes for sale OR see what your home is worth at: www.KasparTeam.com

INTEREST Rates Headed Down!

Here's great news from one of our Team Lenders, Jeff Forman at AlliedJeff Forman jforman@Alliedhomenet.com

Fed ready to lower rates again - FHA 30 Purchase 5.375% 30 year fixed

The Federal Government is getting ready to meet again on March 18th and will in fact lower "Prime" interest rates once again. This may be a very aggressive reduction in rates and hopefully will bring 30 year fixed rates down substantially.

Please feel free to contact me directly with any questions you may have or if you need a free anaysis of your current mortgage/financial situation.

Interest rates for an FHA purchase closed yesterday at 5.375% for a 30 year fixed.

++ Excellent Interest Rates! ++

I just received word from Jeff Forman, Allied Home Mortgage (the largest individual owned brokerage in the US) that mortgage rates are at: 30 year fixed conventional- 6.125%
FHA - 5.625%. That is incredibly impressive! Give Vic a call for more info (919) 280-9898 or Vic@KasparTeam.com

++ Raleigh / Cary / Durham NC Market on UPSWING! ++

I think the housing market has hit bottom in the Raleigh N.C. area and actually is headed back up. Cases to support that. 4 of my last listings sold in less than 30 days. Yes, Almost a Million Dollars in Real Estate, sold in less than 30 days in February to close in March. One in 14 days and another in 19 days. The other two at 27 and 28 days! That's better, much better than in the 90s when everyone seemed to be moving to the Raleigh, Durham and Cary Triangle.

It takes buyers to buy those homes, and they are getting the loans to buy them too. So all this gloom and doom is reporting on pockets like Orlando, Florida, where the market is really not good at all. But Raleigh? It's a different real estate market here.

More good news: FHA raised the minimum loan amount for mortgages in our area to $295000. This means you can sell a house over $300,000 and the borrower can obtain a FHA mortgage! The rates are good, the down payment can be a gift (or a Down Payment Assistance Program) and the credit scores are much more forgiving!

Regards,

Vic