The Home Buyer tax credit has ended for new home buyers as of April 30 2010. Unless you are in the Military and served overseas the $8,000 credit is off the table for you. We feel even though you missed the deadline this is better time to buy your next home. The Savings today will far out weigh the $8,000 tax credit. The interest rates have decreased from 5.25% to 4.50 % on a 30 year mortgage. That is a monthly savings of $91.04 for each payment. The interest savings over the life of the loan is $32,771.80. We have seen more sellers aggressively reducing the price of their homes, in some cases over $30,000. The Real estate market is moving at a slower pace than before April 30th. The time for buying in NOW!! The savings are incredible. These conditions are not going to stay this way forever. You need to act today. Call us and we can sit down and to review what is best for you and your family
Archive for July, 2010
Missed the Tax Credit? Now is a Better Time to Buy!
Tuesday, July 20th, 2010Aiken County has Best Selling Community in CSRA
Thursday, July 15th, 2010Aiken County continues to be a bright spot in the overall real estate market. As a matter of fact, the best selling community in the entire CSRA is Sage Creek, located only 1 mile from I-20 in Graniteville, SC. Sage Creek, through the second quarter of this year, has closed 56 homes – more than any other community. Sage Creek offers homes from below $100,000 to the mid $200,000′s. An easy 25 minute drive to Fort Gordon straight up I-20 to I-520, makes Sage Creek a great place to call home for Ft. Gordon families. A 20 minute drive to Savannah River Site makes Sage Creek great for SRS folks as well. Aiken County’s newest elementary school, Byrd Elementary, is on site and the elementary school students living in Sage Creek get the ease of walking to school safely inside their own community. An easy 25 minute drive straight up I-20 to Lexington, SC has caused Sage Creek to become home to Columbia, SC communters. Aiken County has much of which to be proud. Sage Creek is definitely on that list.
Mortgage Interest Rates Hit 50 Year Lows
Friday, July 9th, 2010If ever there was a time to be more serious about buying your dream home or refinancing the home you already own, NOW IS THE TIME!!
Mortgage interest rates hit a low not seen since the 1950s as they tumbled last week to a National average of 4.69% on a 30 year term as reported by the Federal Home Loan Mortgage Corporation. Rates locally are offered at 4.50%. These are the lowest rates since Federal Home Loan Mortgage Corporation began keeping records in 1971.
Coupled with historically low mortgage rates, existing and new home prices are presently at the lowest levels seen in 10 years. Not only can an interested homebuyer get a great deal on a new or existing home, they can also finance it a rates not likely to be seen again for many years. This is a historic opportunity to capitalize on both home-buying benefits.
The big questions are whether rates will go lower and how long they’ll stay down. My advice…..Act now because rates aren’t likely to go much lower and they tend to rise much faster than they fall. With rates this low, what could you be waiting for? Seize the opportunity to buy your dream home or refinance for lower rates today!
Augusta Mortgage Co.
706-860-4200
Augusta Nationally Recognized as Beating the Recession
Tuesday, July 6th, 2010Those of us who live in Augusta know it’s a great place, but the rest of the country is discovering our gem of a town as well! Augusta is continually recognized as one of the top cities in the nation beating the recession.
*Augusta named 2nd in most recession proof cities according to Money Magazine
*The Brookings Institute considers Augusta as having the 7th most resilient metro economies in the nation based in changes in employment, unemployment, gross metropolitan product and housing prices.
*Augusta is considered one of eleven cities that are beating the recession. Augusta jumped 11 spots since the Brookings Institute’s last edition of its Metro Monitor, which tracked the metro areas during the fourth quarter of 2009.