West Virginia
Mortgage Rates;
The market has slowed in W. Virginia and buyers now have significant control over the market. Prices remain stable and sellers have to appreciate the new reality in the market. Homes which are priced realistically and which are attractive are still selling. Property remains a very sound investment and this is a great time to buy. Buyers have a lot of choice, homes are affordable and interest rates are low. Sellers can still make a decent return on their investment.
Although the market has slowed, the outlook for 2007 remains positive. Buyers are beginning to be more confident about the housing market and realise that this is a great time to buy. The state economy remains strong and unemployment is low. Population is increasing in some areas and this can only mean more people wanting to buy homes. Sellers don’t need to panic but they must remain patient as the signs are good.
Below are examples of rates being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.75% to 6.25%
15 Yr Fixed : rates from 5.375% to 5.75%
1 Yr ARM : rates from 5%
3/1 ARM : rates from 5.375% to 6.25%
5/1 ARM : rates from 5.5% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 5.875% to 6.125%
15 Yr Fixed Jumbo : rates from 5.75% to 5.875%
1 Yr ARM Jumbo : rates from 5.375% to 6.5%
3/1 ARM Jumbo : rates from 5.625%
5/1 ARM Jumbo : rates from 5.625% to 5.875%
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Looking for a mortgage in one of West Virgina's major cities? Click any of the cities below for more mortgage information.
Major West Virginia Cities;
Flagstaff
Glendale
Phoenix
Scottsdale
Tempe
Tuscon
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