Taking Matters Into Their Own Hands

By
Real Estate Agent with Keller Williams Realty Portland Premiere

Toll Brothers Inc. is a luxury homebuilder who is tired of watching buyers sit on the sidelines waiting for mortgage rates to hit bottom.   They are now offering on their new-home inventory a 30-year, fixed-rate mortgage at an interest rate of 3.99% with no points paid up-front.  The idea is to get those teetering on the fence to finally jump off and buy. 

This is a brilliant idea on their part and the phone has been ringing off the hook.  Now they are even locking that rate in for nine months for those who want to buy a new, built-to-suit home.

http://money.cnn.com/2009/01/22/real_estate/builder_slashes_loan_rates/index.htm?postversion=2009012217

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Rainer
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Bo Hussung
Bell Title /Triserv LLC

Tony and Libby, great rates don't always equate to more closings. The lenders still have to approve the loans. Toll Brothers are on the upper end of the market, and that is the worst performing sector of all. Great idea, I hope it works.

Bo

January 22, 2009 10:03 PM
Rainmaker
99,952
Trey Affolter
Brings HOME Results!
Keller Williams Realty

- interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an article from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.

Best wishes for 2009!

Trey Affolter

http://www.treysellshouses.com

January 23, 2009 12:28 AM
Rainer
264,579
South Austin Real Estate Blog
Sky Realty South Austin

Wow, Tony I hadn't heard that about Toll Brothers here.. they have several communities that are upper end and could sure use some buyers.  Just Gorjuss homes!!!

January 27, 2009 08:52 PM
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