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Lisa Wiseman

How Much Can You Pocket With Low Rates?

11-19-09
Lisa Wiseman

Freddie Mac's Primary Mortgage Market Survey for Nov. 12 put the average fixed interest rate for 30-year conforming mortgages at 4.91 percent.

On a $300,000 mortgage the principle and interest payment at today's average rate would be about $1,594, compared to $1,825 a year ago. That's a savings of over $231 a month, a year's worth of the savings -- $2,772 -- currently amounts to nearly two mortgage payments on a $300,000 mortgage. Less money going towards interest rates also means more purchasing power for buyers.

Combined with the $8,000 tax credit and low home prices, there is no doubt that this is the best time to purchase a home.

Silicon Valley Home Values and Prices

11-08-09
Lisa Wiseman
From San Jose to elite Los Gatos, home values have begun to level off.
Zillow Home Value Index

Silicon Valley Home Values

11-08-09
Lisa Wiseman
From the City of San Jose to pricey Los Gatos, the drop in home values is stabilizing.
Zillow Home Value Index

Almaden Valley Home Values and Prices

11-08-09
Lisa Wiseman
Good News for this sought-after community: sale prices are leveling off.
Zillow Home Value Index