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Aug
30
Posted by Susan Moore
You’ve probably heard that the Fed is buying up billions of dollars worth of Mortgage-Backed Securities. But how does this really impact home loan rates and your mortgage?Basically, the Fed’s actions provide a demand for Mortgage-Backed Securities, which should help keep the ceiling on home loan rates from moving much higher in the foreseeable future. That’s good news for home buyers who are looking to purchase a home at a bargain price, as well as those who can benefit from a refinance.
However…the Fed’s actions do not necessarily mean home loan rates will move significantly lower.
It all depends on which Bond coupons the Fed purchases. If they purchase higher rate coupons–as they have been doing–their continued purchasing will likely keep a lid on rates, but won’t necessarily push them significantly lower.
The fact is, rates are within inches of all-time historic lows, so don’t wait to miss a great opportunity to purchase the home of your dreams, or get more money back in your budget by a smart refinance.
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Aug
30
Posted by Susan Moore
What a turn out for the 2009 Inaugural Newcastle 5K Run/Walk!
Contratulations to all who Participated.
The top 3 lady finishers:
1 893 21:11 Gaylene Donner
2 770 21:40 Hurd Molly
3 539 22:00 Cunningham Michelle
The top 3 Men finishers:
1 865 16:23 Eric Bice
2 872 16:51 Michael Smith
3 892 16:59 Brett Kapels
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Aug
26
Posted by Susan Moore
Since I’ve been gone for two weeks, I took my first run through the neighborhood and found that many people had made recent improvements to their homes. I don’t know about you, but this makes me happy. People are taking pride in their homes, and especially, improving their property values. This is encouraging. Aside from the many new and trendy exterior paint schemes, and many new roofs, I also saw…
New Windows
New Fences
New Decks
And New Landscaping
The neatest part was seeing how many people had added seating areas on the front side of their homes, in view of seeing their neighbors walk by. Ah, another sign of a strengthening community as was mentioned in The Best Places to Live by CNN Money Magazine.
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Aug
14
Posted by Susan Moore
While my usual real estate and home improvement blogging takes a break, I’ll take you on a picturesque trip through the south of France. Pictured here in the small town of Montauroux, in Provence, you can find many beautiful rental homes and villas. We found this one through Pure France
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Aug
04
Posted by Susan Moore
July 2009 currently shows 11 home sales closed and 2 condos in Newcastle WA. Those figures may still be updated.
Average residential home sales price of $657,977; 3349 sq ft and $204 per sq ft.
$743,768 was the average original list price. Average Days On The Market was 204.
These homes sold at 89% of original list price and 93% of current list price.
Currently, there are 124 homes on the market in Newcastle; 96 residential and 28 condominiums.
In July, 8 residential homes went Pending and 0 condos.
