Archive for January, 2013

Rates Thursday

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

MLS Monday

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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!

MLS Monday

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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.

Rates Thursday

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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.

MLS Monday

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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!

How The Fiscal Cliff Agreement Affects You

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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

Rates Thursday

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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.