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Realtor Barbara Baker Presents December Market Analysis in Sedona Arizona

Sedona Arizona

Sedona, AZ: The good news for the Sedona mortgage industry is the mortgage rates are plunging. In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% and near the lows for the year.

If you have been on the fence about buying a home, now is the time to act. Interest rates are extremely low and Sedona home prices in some areas are at 2003-2004 levels. Add the recent declines in energy prices and lower consumer interest rates for a great holiday recipe for success.

Don't wait as rates have already been very volatile and this opportunity might not survive the holiday season. In the Sedona real estate market, falling prices are bringing out buyers.

About Sedona Realtor Barbara Baker

Barbara Baker specializes in representing clients in the purchase and sale of single-family residences, real estate investments, income property, and commercial ventures in Sedona and the Verde Valley. This includes Sedona, Rimrock, Clarkdale, Camp Verde, Cottonwood, Lake Montezuma, Cornville and Page Springs.

For more information or to request a private preview of Sedona homes for sale, call 800-975-5943 or visit www.barbarabaker.com.

Article contributed by Barbara Baker.

Posted December 8, 2008.







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