Is It Time To Buy A Home?

According to the California Association of Realtors, Orange County home prices have been trending higher over the past year and that trend should continue throughout the rest of 2013 and in to 2014. As the housing market has continued to recover from its depths of just a few years ago, prices have been pushed higher by a relatively low supply of available single-family homes. In July of 2013, the supply of homes for sale in Orange County was just under three months, compared to the six month supply in a normal market.

The 30 year mortgage rate in the first week of September, 2013 was right around 4.70 percent. While rates have been moving up in recent months, they are still very affordable, and now may be a good time to buy home.

At Avis Lending, we help new homebuyers sort through all of the different mortgage products so they can get the best mortgage for their needs. We also are happy to explain how some of our refinance home mortgage options can help you reduce your current monthly mortgage payment or reduce the time you need to own your home free and clear.

For today’s best mortgage rates and more information about obtaining a home loan in Orange County , please contact Avis Lending.

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