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Latest Postings
- September 5, 2008: Builder's Own Home in The Retreat of Sabino Mountain Under Contract Again
- August 20, 2008: The Inventory of Houses for Sale in Sabino Mountain is Small
- August 8, 2008: Another Sabino Mountain Home is Sold
- August 3, 2008: Remembering Embracing Sabino Mountain for the First Time
- July 25, 2008: Recent Sabino Mountain Luxury Foothills Homes Sales
- July 14, 2008: The Number of Serious Buyers has Picked up at Sabino Mountain
- June 26, 2008: New Sabino Mountain Listing
- June 20, 2008: Summer Treat!
- June 10, 2008: 4134 N Boulder Canyon is Under Contract
- June 7, 2008: One Sabino Mountain Home Under Contract, Another One Falls Through and Goes Back On the Market
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Rates on Jumbo Mortgages finally Down!
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.