Jeff Hansen & Arvin Paredes


Downtown San Jose Condo & Townhouse Living

Take Advantage Of This While You Can!

You’ve probably noticed it and/or have witnessed your friends, family, co-workers…etc. experience it.Interest Rates At Historical Lows

I came across an article in the San Jose Mercury News, which basically reminds us how these near record low mortgage rates won’t last forever.

“That’s because Congress late last year tied a payroll tax-break extension for millions of workers to what amounts to a new hidden tax on anyone who takes out a mortgage or refinances their home loan.” – Amy Fontinelle

Fontinelle’s article, “Winter’s Record-low Mortgage Rates Could Increase Thanks To Congress,”does an effective job of informing the public that we will see new mortgage fees in the near future as a result of the Government’s actions. It’s an amazing time for buyers with these artificially low mortgage rates and current values of homes on the market. In my 19 years as a real estate consultant, I’ve learned that no matter what we’re going through in the market at that time, it’s hard to imagine that sooner or later, change will happen.

As impressive as it is that buyers are being approved for mortgage rates in the high 3% area, we must not forget that this can only go on for so long. Take advantage of this while you can!

If you would like to talk more about this, I work closely with a knowledgeable lender who can give you advice and answer any questions that you have.  I can put them in touch with you, which proves to be an important first step in the home buying process. Please don’t hesitate to contact me if you think you will find this beneficial to your current situation. Happy Friday!

  1. This Month In Real Estate: February 2012 | King Condo Real Estate in San Jose by Jeff Hansen

    […] of homes sold. Have you, or anyone you know, been able to take advantage of these near record historical low interest rates? And what about those eco-friendly features that buyers are looking for in a home? How many of […]

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