Monthly Archives: January 2013

Rates Thursday

Guaranteed Rate is offering 2.875% for a 15 Year Rate and 3.625% for a 30 Year Rate.

 

grate

MLS Monday

The average list price of an Elmhurst home is now 1.6% higher than this past year. The price jump was over seven thousand dollars. Great news for sellers!

11Hd

MLS Monday

This past month in Elmhurst, there have been thirty-five new listings, twenty-eight closed sales and thirty-one under contract homes. MRED gave us a Dec 2012 Overview.

sold house

Rates Thursday

Guaranteed Rate is offering a mortgage rate this week of 3.375% for a 30 Year Fixed. Compared to other contenders, they offer the lowest rate with the highest value.  According to the Freddie Mac with a report via the LA Times, the average is 3.38%, which makes Guaranteed Rate one of the better options for a 30 Year Fixed Mortgage Rate.

grate

MLS Monday

Great news to start 2013. Under contract homes in Elmhurst have risen this past year by over 21% total. Let’s hope these homes had or will soon have a quick closing, making way for the new year!

under contract dec 2012

How The Fiscal Cliff Agreement Affects You

The NAR has offered great information about those affected by the “fiscal cliff” bill, including:

  • Permanent extension of the middle class tax cuts
  • Additional tax cuts for working families, such as Child Tax Credit
  • 10 percent tax credit (up to $500) for house-owners for energy efficient “green homes”
  • Mortgage Tax Relief until next year, 2014

Real-Estate-Provisions-in-“Fiscal-Cliff”-Bill

Rates Thursday

Guaranteed Rate is offering mortgage rates for the new year starting at 3.375% for a 30 year fixed mortgage and a 2.625% for a 15 year fixed mortgage.

grate