It's a Different Market for Home Sellers

On November 9, 2008 Marni Leff Kottle wrote a very timely article, "It's a Different Market for Home Sellers" in the San Francisco Sunday Chronicle's Real Estate Magazine:
It's a Different Market for Home Sellers

And, back in October Marni also wrote another timely and very insightful article about how hard the credit crunch has hit the Bay area. Here's that article that was published in the San Francisco Chronicle:
Credit Crunch Hits Bay Area Hard

Mortgage Update: Mortgage rates dropped last week, providing a dose of welcome news to prospective home buyers.  Freddie Mac reported Thursday that rates on 30 year fixed rate mortgages averaged 6.20 percent for the week ending November 6, 2008.  That was down sharply from 6.46 percent the previous week.

The retreat in mortgage rates comes as the economy is getting weaker.  The drop in rates is good news for people thinking about buying a home.  However, tight credit conditions are still making it difficult for some people to obtain financing.

 

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