Thursday, November 10, 2005

Buyer's Market in Long Beach

Long Beach is slipping into a buyer’s market. I’m not 100% certain if that is a seasonal transition or if we’re in for another buyer frenzy, but either way its good to buy when you can.

I’ve been looking through some mortgage pre-qualification to see what rate my client’s are getting (these are not advertised rates, just the average of what actual borrowers are being quoted). So far the 30 year fixed seems to be hovering around 6.35+- and 5.9 for the 15 year fixed rate.

Long beach is affordable, and a great place to park yourself. How about we make you a qualified buyer too?

-John

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