Calling All Fence Sitters! Five Good Reasons to Buy Now...

Southern Oregon is such a great place to live!  Time to put down some roots and stay a while? Well, here are five reasons you may want to consider buying now:

* Interest rates are still at historic lows, under 6% with no points for a conforming loan fixed for 30 year fixed for qualified buyers putting 5% or more down (see Krista Bolf's article on what effect a 1/2% increase in rate can have)

* Down payment assistance programs like the State of Oregon's Purchase Assistance Loan are still available, but the amount of funds being allocated to some of these programs is lower in 2008, so they may run out of funds faster

* Underwriting guidelines for programs and mortgage insurance are tightening, making qualifying for a loan more difficult

* Rents are going up in some areas with more tenants competing for rentals

* Inventory Levels in Southern Oregon are still hovering around the 2,000 mark, but there are a large number of homes available for under $200,000, which we haven't seen for a long while. Contact Krista Bolf for current listing information.

What are you waiting for?

See you at the closing table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com