My Real Estate Blog

The average interest on a 30-year mortgage fell to a 38-year low of 4.85 percent during the week ending March 27 from 4.98 percent the prior week, Freddie Mac reported.

The decrease came on the heels of the Federal Reserve's announcement that it plans to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries. President Obama says refinancing is now possible for 40 percent of mortgages and encourages home owners to reap the benefits of the record-low rates.

Source: Boston Globe (03/27/09)

I am asked many times when I think is a good time refinance or will a Loan Modification work for me.  Here in Sahuarita and Green Valley AZ refinancing may not be a possibility.  But, a loan modification might be your answer.

If you have a home in Green Valley or Sahuarita contact me for a private interview.

Thank you,

Ralph Schnelle
ReMax-Valley Properties
520-940-0614- cell
888-401-4788- fax
www.myRealEstateofArizona.com