30 year fixed loan averaging 4.87 %

By: Brian Pane

Due to growing concern regarding the European debt crisis, mortgage rates are lowest they’ve been in 30 years.

“It’s the best time in our generation to buy,” says Mark Zandi, chief economist at Moody’s. “It may be the best time in any generation. Mortgage rates are so low and with homes prices down and lots of inventory, you couldn’t pick a better time to buy or re-finance.”

Even those looking for jumbo loan rates over $417,000 have fallen to an average of 4.5%, down from 6% at this time last year.

Whether you want to refinance or sell, homeowners need to move fast.

“I think they won’t last much longer than a month or two at the best,” says Lawrence Yun, chief economist at the National Association of Realtors. “I can see them going up to 5.5 percent by the end of June if not sooner.”

Yun predicts that growing worries over Europe’s financial security will soon fade and investors will look to acquire equities outside the states.

EwingSIR does not guarantee information contained in this blog, readers are encouraged not to rely solely on this information and to do their own independent research of facts contained herein. Blog information was obtained from independent sources that we do not endorse, and we do not investigate this information for accuracy.

By: Brian Pane

Many know about the Home Intelligence Platform that allows home owners to control their home automation systems with their cell phones. Owners can view what is going on with their homes anywhere in the world. Integration with Lagotek’s new universal distribution device, the Lagotek HIP 25 makes it easy to distribute and access audio through home Ethernet.

CEO of Lagotek Eugene Luskin states, “The features offered by version 3.3 make Lagotek’s system one of the most advanced Home Automation solutions available today and its cell phone integration makes it stand out in the crowd. With its new functionality, Lagotek’s Home Intelligence Platform provides the best value for the money. From home to home, community to community, automation will be in every home in the near future.”

In the spirit of this Intelligence platform, I have a listing on 4530 Havenhurst Ave. that is installing this system.  The home is currently under construction and scheduled for completion in June 2010. With 6,500 sq ft main house, 3 car garage, gym, sports court and pool house, this place has it all. To find out more details, email me here.

EwingSIR does not guarantee information contained in this blog, readers are encouraged not to rely solely on this information and to do their own independent research of facts contained herein. Blog information was obtained from independent sources that we do not endorse, and we do not investigate this information for accuracy.