Real Estate Market in Orange County

Happy New Year everyone. Here’s my report for the beginning of 2009… I usually just give you the numbers, but I want to give you 3 good reasons why you should consider buying a home these days:

First : The rates
-The 30-year fixed-rate mortgage (FRM) averaged 5.14 percent for the week ending Dec. 24, 2008.
-The 15-year rate averaged 4.91 percent.
-Five year hybrid adjustable rate mortgages (ARMs) were higher at 5.49 percent, but 1-year ARMs were below 5 percent at 4.95 percent nationwide and even lower 4.75 in the Northeast and Southwest.
Good news: Interest rates are as low as they been since Freddie Mac started tracking them !
Second: Obama’s stimulus package
Earlier this week, Fed Chairman Ben Bernanke reported that the newly proposed Obama stimulus package could help boost economic activity.Obviously The Fed as well as the incoming Administration and Congress need to come to the plate and make it happen.
Third: Inventory is moving!

So if you are in the market to buy a home, now is a very good time.The good deals are out there and we are here to help you find them.Feel free to check out our website www.ocexecutives.com or call our helpdesk ar (949) 888-6788. We are happy to help!