Rates, incentives make real estate a buyers’ market

by Tony on December 11, 2009

complicated than that. On Thursday, mortgage rates were about 4.7%, but on Friday, they rebounded to nearly 5% as Wall Street reacts to better-than-expected unemployment numbers. One local mortgage banker says it’s still not easy to get a home loan. 25-year-old Christopher Regan just bought a 3 bedroom, 2.5 bath home for a deal he couldn’t pass up. “This is our first home, and it’s kind of exciting,” Regan said. He says an 00 tax credit and rock-bottom interest rates sweetened the deal. …

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