You are currently browsing the Sabino Mountain Blog weblog archives for the day August 24, 2007.
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- May 20, 2012: Only 4 Homes for Sale at Sabino Mountain
- May 15, 2012: My Listing on Boulder Canyon is Sold
- May 14, 2012: Another Boulder Canyon Home Under Contract
- May 4, 2012: Black Rock Beauty Reduced
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- April 12, 2012: An Improving Market in Sabino Mt
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Archive for August 24, 2007
Rates on Jumbo Mortgages finally Down!
August 24, 2007 by donna.
Rates for Jumbo mortgages (financing over 417K) have finally dropped to about 7%, which is great; last week they were hovering near 8%. This is great news for those who are trying to sell homes over 450K.
Additionally, Conforming financing is down to 6.5%. If a Long listing is purchased and the purchaser users Long Mortgage, the first year rate will be one percent less; hence will start at 5.5% for Conforming and 6% for Jumbo.
Long Realty wants to give our Sellers the edge during this transitional market.
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Some Good News for Sabino Mountain Real Estate
August 24, 2007 by donna.
The house at 4458 N Sabino Mt Drive that is listed by Long (range priced from $979K - $1,049K)is under contract again. This luxury TRS built home had been under contract and fell-through, but is back under contract again. I predicted it would sell quickly after it was professionally staged and showed beautifully.
Interest rates have dropped this week and this probably helped with the sale of this house and will improve the market in general.
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