Red Deer Real Estate Weekly Update, week ending March 22Last week in real estate was another steady week. Friday was a highlight on the financing front when it was annouced by mortgage brokers the 5 year rate was available at 3.99%. Yes 5 year mortgage at 3.99%!! Wow record low rates combined with excellent selection and buyer negotiating ability makes for an ideal time to buy real estate. Today I spoke with Scott at Regional Mortgagevia email, and he commented that 3.79% was also available provided you are financing $500,000 or more. Sounds like if you have the credit there definitely is mortgage funds available, and at affordable financing rates. The snow storm didn't scare off to many people, it may have slowed down things a bit, so watch for a busy end to March. Last week looked like:
Sales Last week 2009 32 versus Sales Last week 2008 of 36, looks like it was a good week. Your Friend in Real Estate, Stats, are MLS stats for Red Deer form the Central Alberta Realtors Association.
Posted by Patrick Galesloot
on March 24, 2009
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