3.875% 30 Fixed Conforming Loan -- Never seen this before

I am helping a nice couple from Redmond move up from their Townhouse to a Single Family Home. They are looking for 3000 sq ft and would like to find a New Constrution. We have looked at a few sites around Redmond and so far have been pretty impressed with the qualitiy, size and location of the homes.

What has impressed us the most is the number of builders that are BUYING DOWN the interest rates for purchasers. More than 2 Builders are offering to buy down the interest rate to 3.875% for a FIXED 30 YEAR Conforming loan!!! That rate is AMAZING!!!

An interest rate that is less than 4% FIXED for 30 years!!! What is the likely hood that sometime over the next 30 years we will see interest rates above 6% again? When I first got my Real Estate license back in the late 1980's we had interest rates of over 13%! Now you can get a rate that is 10% LOWER than just 20 years ago.

it makes sense for homeowners who have a 6.5% or higher interest rate and who would like a bigger home to make that move NOW. Not in a couple of months, but in a few days -- at the most 2 weeks.

Several of the Builders are also accepting Contingent Sales and discounting upgrades.

You can get a BRAND NEW HOME in Redmond for $665,000. With a downpayment of about 25% you P&I payment would only be $2380 per month for 360 months.

Talk about being able to leverage your money!!!!!!

If you would like to see any of these wonderful BRAND NEW HOMES ~ Just drop me a note