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Market Update and Commentary Videos by Russ Boyd are uploaded to Youtube, MetaCafe, Veoh, Viddler and Yahoo Video by TubeMogul.com . How To videos can be seen at Howcast.com . All Russ Boyd's videos are archived here .

Interest Rates - Bankrate.com recently reported, that mortgage rates are at their lowest point ever in their survey taking history. They have been conducting rate surveys since September 1985.  The national average for a 30 year fixed rate mortgage is very near 5%.
Housing Prices -  Everyone knows that housing prices are down in most regions.  Do you think prices are going to continue to decline?  Perhaps, but most of the decrease is now reflected in today’s prices.  Two good reasons to buy.
Seller Motivation -  Due to the current market conditions, it is pretty easy to identify motivated sellers.  In many instances, you can easily find a motivated seller by looking at the property description.  Look for keywords such as: "motivated seller," "make an offer," or "must sell."
Tax Advantages -  Current tax law allows homeowners to deduct interest paid on mortgages and the amount of paid property taxes. If you are paying rent, you do not qualify for these deductions.  The federal and California State governments are also offering incentives.
Timing - You must have heard the expression "buy low and sell high," right? It might even be your mantra. As with any investment, it is ideal to purchase when prices are low rather than at their peak.  However, if you are waiting to purchase a home because you believe prices will continue to drop, you will likely miss out of an ideal opportunity.  The time to "buy low" is right now.

Rent vs Buy Calculators

Freddie Mac Calculator 

Ginnie Mae Calculator

To find out if FannieMae owns your loan, click Does FannieMae Own My Loan.

For FreddieMac, click Does FreddieMac Own My Loan. Complete the form and click “Submit”.  A confirmation will be emailed to you.

Please visit www.bayareahometeamonline.com for our blogs.

Search for all homes for sale in the Bay Area at www.allbayareahomesforsale.com

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