Mortgage Rates Hit Record Low

Mortgage Rates Drop to Record Low: 30 year fixed mortgage rates dropped to their lowest levels in 39 years according to a new survey released by Freddie Mac, the second largest mortgage finance company.Interest rates on 15 year fixed rates and hybrid adjustable rate mortgage rates reached fresh lows as well. While record low rates and high housing affordability helped the housing market gain ground over the last year, the sector is struggling since the popular home buyer tax credit expired on April 30th.According to a Freddie Mac survey, the average 30 year fixed rate for conventional (non-FHA and VA) mortgages averaged 4.69 percent for the week ended June 24th and is the lowest since Freddie Mac started the survey in April 1971. Still, Freddie Mac's data is at least a week old before they publish it and it has been another week since then. 15 year rates are below 4%. Rates do vary depending on credit, debt ratios, down payment, area of the country, property type, points paid and many more factors.

This absolute Dream Home in North Central Keller has recently been listed for sale by Al Davis of Keller Williams Realty DFW. This incredible home features one of the most spectacular home sites anywhere in the Northeast Tarrant County area. Loaded with mature oaks and native grasses, the home is landscaped to perfection both front and back. Offering approximately 1 acre of pristine land which includes a full coverage sprinkler system, In-Ground Salt Water Pool with Spa, Stone Fireplace, Mosquito Repellant System and Peaceful relaxation garden.

Inside you're welcomed by the dramatic Foyer with massive staircase and Hand Scraped Wood Flooring. To the left a Formal Dining Room suitable for your favorite Formal Dining Occassions. Right of the Foyer a Formal Living Rooms awaits. Just perfect for those times you just want to relax with a good book and enjoy the quiet solitude of the day. The Kitchen is adorned with granite counter tops, tile floors, an island and gas cooking appliances. Upgraded to the max with Sub-Zero Refrigerator, Spacious and Plentiful cabinets, a breakfast bar and open to breakfast area and family room.

This is a 5 bedroom, 5.5 bath home with three living areas, media room and private study.

Tour this home on line at http://vu.realbiz360.com/listing-400235.html

Thanks for stopping by DFW Rea Estate Today

The Market is BACK !!!!

There is just no way around it, last year was a challenge regarding our property values. However, be of good cheer, the turn around is here! Virtually every city in the metroplex is up substantially over this time last year. According to our local board of realtors statistics, the number of home sales are up an average of 15.6%. Some areas of note are: Southlake...up 61.9%, Colleyville....up 24% and Trophy Club up a wopping 90%.

The other side of the good news is this. Homes in our area are bringing over 95% of their listed price!

Why? The driving factor seems to be the availability of extremely low interest rates. One of my buyers went VA and locked in below 4.5%.

If you're thinking about buying or selling but want to do a little on line research for yourself, go to my web site at http://www.homesbyal.com/. Click on Search the MLS button on the left. Registration NOT required.

Then call me anytime for additional assistance.

Blessings

Al Davis

Free Market Analysis Web Site Launched

A very simple WEB site for finding out the value of your home has recently been launched. I like this site because of it's no frills, simple one page format. Just answer a few short questions and receive a personalized evaluation of your home on line. The impressive report gives you everything you need to know to make informed decisions regarding your families real estate planning. Check it out at: www.freemarketanalysis.net.

Have a Blessed Day

Al Davis

Welcome to DFW Real Estate Today

In the coming days you will find regular post on the State of DFW real estate. From Hot Properties to the latest in how to finance them. Coming attraction listings, new listings, area open houses, interest rates etc.. Find all the latest information about what's happening in the county, city and neighborhood you live in. You can post questions and get answers on just about anything that is on your mind regarding real estate. Obtain the value of your current home or the value of the home you're considering purchasing. There will be tips on just about every from A to Z regarding home maintenance as well as remodeling tips.

Our Spotlight on area neighborhoods will be informative as well as entertaining. Neighborhoods that are in demand and those that could use a little boost will be discussed and how to help your neighborhood maintain it's value.

Please stop by often and comment honestly on what you need to know.

Have a Blessed Day

Al Davis