Real Estate Information

Good morning.

Interest rates have never been this low.

We haven't seen mortgage rates this low since the 1950's, when people were taking out 20 year loans.

When you stop and consider how inexpensive mortgages have become, it comes as no surprise to see more investors entering the rental market, just to take advantage of this incredible financing that's available for a 30 year loan.

We encourage our clients to take advantage of these rates while they're here, because they won't be around for long.

Right now, they can save A LOT! For instance, let’s say that a buyer takes out a $200,000 home loan at a rate of 4.75 percent. Their monthly repayment will be about $1,042 a month for the principle and interest, which is more than $200 less per month than borrowers are paying on a 6.5 percent loan taken out just a few years ago. Over the course of the mortgage term, today’s home buyer will save $80,000! That's 8 times more than the home buyers tax credit.

If we can help you today, please give us a call. And remember our site for home buyers @ www.TheFallsHomeFinder.com.

Last night, the Senate passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010, to the date of enactment of the extension. NAR members sent more than 250,000 letters to Members of Congress encouraging them to extend the program.
 
Additionally, Congress passed an extension of the closing deadline for the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. Extending the tax credit closing deadline will help provide additional stability to real estate markets across the nation.

Our Government Affairs team worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.

NAR is still working on restoring the 502 single-family rural housing loan guarantee program. Language is included in H.R. 4899, the Emergency Supplemental Appropriations bill, that is currently in conference between the House and Senate.  We expect the House to pass that bill shortly and are hopeful the Senate will do the same when they return the week of July 12. When that bill passes, the program will be restored through the end of the fiscal year.

For additional information on the tax credit extension, the flood insurance program and rural housing, please visit www.realtor.org/government_affairs 
 
We appreciate your commitment and involvement on these important REALTOR® Party issues and appreciate your continued support.
 
Sincerely,
NAR Government Affairs and Community & Political Affairs Divisions

Good Monday morning to you!

What a nice change of pace to have some cool weather and rain. I hope it found your yard, as it did mine.

Do you know someone looking to buy? Please forward them THE BEST home finder site @ www.TheFallsHomeFinder.com.

Thinking of selling? We'll give you a quick analysis of what your home may bring in this market. www.TexomaHomeValue.com

If we can serve you or anyone you may know this week, please let me know.

Good Monday morning to you!

I hope you and yours had great Father's Day.

I rarely use phrases like "the best", but this market right now has THE BEST interest rates we have ever seen, and I believe THE BEST home inventory we have ever seen. I saw 15 year fixed rates with local lenders this week hit 4%...that is unreal!!!

See below for some of our listings, and view all of them @ http://www.texomahomesource.com/Properties

If you would like to preview any of these properties, please call one of my team members:

Marc McCown - 940.704.0541 - marc@bishoprealtors.com

Ricardo Sandoval - 940.782.4663 - ricardo@bishoprealtors.com

Lauren Wuthrich - 940.733.4633 - lauren@bishoprealtors.com

And remember our other sites:

www.TexomaHomeValue.com - Thinking of Selling?

www.TheFallsHomeFinder.com - Create a favorites list!!

Make it a great week, and call us if we can serve you in any way.

"Wisdom is knowing what to do next; virtue is doing it." David Jordan

Looking for a new home in Wichita Falls?

See www.TheFallsHomeFinder.com.

Fast. Easy. Automatic. FREE!

www.TheFallsHomeFinder.com is a FREE service to help area home buyers find their dream home. Your first email will list all homes currently for sale that meet your search criteria. Then each morning you will be emailed a list of all of the new homes for sale and price changes since your previous search. No more having to rely on manual searches. Fill out the form below and start your auto-email home search today! It's just that easy!

Remember to use the site to select homes into your favorites account too!

If we can serve you in any other way, please let us know.

HomeGain Radio: Ashton Gustafson Receives Realtor Magazine Award

http://blog.homegain.com/homegain/homegain-radio-ashton-gustafson-receives-realtor-magazine-award/

Listen to this exclusive call with Ashton as he explains how he is doing business.

Museum Of Art Announces Live@theLake Concert Series

Contact: Lee B. Weaver - lee@leebweaver.com for more information.

Free shows scheduled for each Thursday through Aug. 19

4819 Earl was just listed and is priced @ $119,000. This 3 bedroom corner lot home, has 2 car garage, rv/boat parking, shop with power in backyard, recent roof, updated hall bath, 2 living areas, and 2 baths.

Call us today to set up a time to view this great home in Wichita Falls.

Ashton Gustafson - Owner - Bishop Realtor Group

4319 Lake Park Drive - Wichita Falls, TX 76308

$535,000 - 4 beds - 3.5 baths

Absolutely gorgeous 2 story home, recently completed cabana/apt/gameroom, gunite pool + outdoor fireplace. Backyard, also has a darling play house!

Cabana has full bath & kitchen, cathedral beamed ceiling, hardwood & tile flooring. Main home has gorgeous hardwood floor, recently updated kitchen &baths. Formal living rm has hardwoods, fireplace & stepped up music rm w/bookshelves on 2 sides. Office adjacent to living rm. Upstairs has 4 bedrm +wonderful sitting room off of master. Incredible property

Good Monday morning to you!

Like I said last week, we are looking to add homes with pools to our inventory. If you or anyone you may know is looking to sell their home this summer (pool or no pool) please let us know. With 30 year fixed rate mortgages under 5%, this summer should be a great market!

I have also said that this is the best inventory of homes we've ever had-and the truth endures. See http://www.texomahomesource.com/Properties for every home we have available at this time.

And remember our sites for fast answers:

www.TheFallsHomeFinder.com - Info on any home for sale.

www.TexomaHomeValue.com - FREE Market Analysis on your home.

www.WichitaFallsShortSale.com - Mortgage Problems?

If we can do anything else to serve you or anyone you know this week, please let me know.

"He who sweats in peace, does not bleed in war." Doc Rivers