JB Goodwin Realtor Rocky Breon Says Drop In Mortgage Rates Is Good For Real Estate
Released
on: May 17, 2010, 2:33 pm
Author:
Rocky Breon
Industry:
Real Estate
Interest rates in May on 30-year fixed-rate home
mortgages fell to their lowest point this year. JB Goodwin Realtor
Rocky Breon says now is still a good time to buy or sell home in Cedar
Park and Leander.
AUSTIN, Texas-May 17, 2010 - Home mortgage rates dipped to their lowest point all
year the second week of May 2010. Greater Austin area JB Goodwin Realtor Rocky Breon
says this lower rate should make homes more affordable just in time for the busy
Summer selling season.
"People who are planning to buy a home in the Cedar Park and Leander area this
Summer should take advantage of these lower mortgage interest rates," Breon says.
The most commonly used loan, the 30-year fixed-rate mortgages, averaged 4.93 percent
for the week of May 13, down from the week before of 5 percent, according to a
survey released by Freddie Mac. Reuters reported that this is the lowest the rates
have been since December 2009.
"With the homebuyer tax credit now over, this is a welcome reprieve for individuals
looking to buy now," adds Breon. "Summer is a widely-known as a busy time for the
real estate business here in Austin. The drop in mortgage rates is an added benefit
for both buyers and those looking to sell their homes."
The deadline for apply for the homebuyer tax credits was April 30 and those who
signed contacts before that date still have until June 30 to close on the sale.
"The federal tax credits gave the housing market a shot in the arm, and now lower
home mortgage rates should help the real estate market recover even more. I am
optimistic about the future of the real estate market, especially in the Cedar Park
and Leander area."
Press Release distributed by http://www.BestOnlineResults.com
About Rocky Breon:
Rocky Breon is a JB Goodwin realtor with over 30 years of experience who helps
families buy and sell homes in Austin, Cedar Park and Leander, Texas. A top JB
Goodwin producer and certified negotiation expert, she works with both residential
and commercial real estate in sales and leasing. For more information visit
http://www.RockyandLindsay.com.
About Best Online Results, LLC:
Best Online Results is an innovative SEO and online media marketing company
committed to finding new ways to use every available voice to promote their clients
online. Learn more about Best Online Results at http://www.BestOnlineResults.com or
call 866-404-2265.
Contact Details: Rocky Breon
JB Goodwin, Realtors
3933 Steck Avenue, Suite B-110
Austin, Texas 78759
Cell: 512-577-2678
Alt: 512-669-9304
Fax: 512-528-8884
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