Its Official! June 30th is Market Bottom Day
May 4, 2009 by admin
Filed under Positive Real Estate
So says Jim Cramer right before interviewing Toll Brothers chief who sees signs of a rebound in 80% of the Country.
Builders Take the Rates Even Lower
Some home builders are offering lower mortgage interest interest rates than the prevailing rate. While the averaxe fixed rate is somewhere just below 5%. These new home builders have “lowered” the bar even more.
- Lennar Corp. is offering a fixed 3.625% rate over the life of a 30-year fixed rate mortgage.
- Honanian recent offer is 3.99%
- Toll Brothers offered a 3.99% interest rate in many of its luxury developments earlier this year. But has since pulled the offer.
