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In The News


News Right Out Of The Daily News Record
September 9, 2011     Filed In:  in the news, interest rates, local real estate market, real estate
The headline stares at me right out of today's September 9th Daily News Record:  FIXED MORTGAGE RATES LOWEST IN SIX DECADES

According to this article, the average rate for 30-year fixed mortgages fell to 4.12 percent and the average rate on a 15-year fixed mortgage fell to 3.33 percent.

Really, did that say 3.33 percent?
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Feb 06, 2012 (unless otherwise noted).
Have any questions? Contact Rockingham Real Estate Team at 540-421-7447 or rockteam@cbfunkhouser.com
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Happy 100th Birthday ... JMU!
March 10, 2008     Filed In:  in the news, jmu

100 YEARS OLD THIS MARCH!
click here to see the events planned for the week long celebration

Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Feb 06, 2012 (unless otherwise noted).
Have any questions? Contact Rockingham Real Estate Team at 540-421-7447 or rockteam@cbfunkhouser.com
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"Recession" ... A Great Time To Buy A Home?
March 2, 2008     Filed In:  buying, in the news

Whether you want to call it a "recession" or not, the fact is, that in many areas of the country the volume in the real estate sales market is less than it has been in the past few years.  Some might say don't buy now…in my opinion NOW IS EVEN A BETTER TIME TO BUY! 

 

Here is an article recently published in Time Magazine titled, "Ignore the Headlines!" by: Dan Kadlec.  Dan offers great insight into the logic behind one of the advantages of buying during a "recession" with low interest rates.

 

A summary of the article…

 

Today

 

Cost In 12 Months

$218,900

Put 20% down

30 year fixed-rate

Home Price

$197,010

If prices drop 10%

5.5%

Rate from recent declines

Interest Rates

6%

Recession end,

Fed starts to raise rates

$994.31

Monthly P&I Payment

$994.94

Conclusion: If you waited a year to buy, you would have saved nothing and spent a year living someplace you'd rather not be.

 

Source: Lending Tree

Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Feb 06, 2012 (unless otherwise noted).
Have any questions? Contact Rockingham Real Estate Team at 540-421-7447 or rockteam@cbfunkhouser.com
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