Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community

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The number of applications for home loans and refinance loans reached a six-week high as interest rates slipped slightly lower.  Many buyers expect the rates to start rising in the spring of 2010, and want to complete their purchases before then.

Also driving some of the recent mortgage activity is the extended first-time homebuyers tax credit of up to $8,000, and a move-up tax credit of up to $6,500.  In order to qualify for these credits, home purchases must be under contract by April 30, 2010.

Buying a home still makes good sense now:  Mortgage interest rates are still at historic lows, home prices have fallen between 25-30% from the highs in 2005 and 2006, depending upon the location.  There is still a good amount of inventory out there to choose from. 

If you'd like to get pre-qualified for a mortgage, please contact me for a list of reputable, ethical lenders.  If you've been thinking about purchasing a home, please contact me for a free no-obligation consultation. 

If you've even been thinking about it, now is a great time to check it out!

Patricia Paul, GRI *** *** (520) 548-2078

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