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BRINGING HOMEBUYERS AND SELLERS TOGETHER: Welcome to the H Group! A Real Estate Approach that Makes Good Sense As a prospective home buyer, your primary concern is finding that special home that meets your personal needs and desires. As a home seller, your priority is finding a buyer that will provide you with the maximum sales price within the shortest time frame possible. With Hobson Real Estate Group on your side, your home buying and selling goals will become a reality. Phil's natural ability to connect with people coupled with his dedication to providing superior service to his clients are the keys to his success. In Today's world of instant access and information overload, one of the most difficult tasks for sellers is getting their listing noticed by the right people. Phil recognized this issue and developed an automated process that provides his clients with better, faster exposure to potential buyers nationwide. This investment in technology translates into fewer days on the market and higher sales prices for his clients. In addition to these highly successful passive marketing campaigns, he also actively markets his clients' properties in the Dallas area to ensure prospective buyers are aware of the unique attributes that make his clients' properties valuable. He does this through a combination of building strong relationships with other Realtors in the area, weekly email marketing campaigns, and even by holding catered Realtor preview parties in his client's homes to drive traffic to his listings. This willingness to invest in his clients demonstrates his confidence and his commitment to superior service. If you believe that your Realtor should provide you with this level of service, you'll be glad you chose Phil Hobson to guide you through this important process. In addition to his technical abilities, Phil is a people person. He truly enjoys listening to his clients and prospects and creating strategies that work for them. First and foremost he wants you, his client, to be happy and smiling at the closing table as you sign your closing documents and move into the next chapter of your life. Phil holds a Bachelor's degree from Indiana University in Bloomington. Prior to his Real Estate career, he was a Technology Analyst and Sales Consultant for fortune 100 Companies. He is a member of the National Association of Realtors and the Dallas Pacesetters Networking Group. Contact Phil today and you will immediately understand why his clients enjoy working with him!

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Bankrate: Mortgage Rates Return to Record Low Territory

RISMEDIA, November 9, 2010--Mortgage rates revisited record lows this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate returning to 4.42 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.

To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/.

The average 15-year fixed mortgage hit a new low of 3.81 percent, and the larger jumbo 30-year fixed rate did as well, sinking to 5.04 percent. Adjustable rate mortgages were mostly lower, with the average 5-year ARM falling to 3.57 percent and the average 7-year ARM retreating to 3.87 percent.

Mortgage rates fell back into record low territory this week. The Federal Reserve has announced another injection of $600 billion over the next 8 months, but it remains to be seen if this is enough to push Treasury yields and mortgage rates lower, and if so, by how much. Even if the Fed is successful in pushing rates lower, it doesn't alter the fact that many would-be borrowers are upside-down, living on a reduced income, or concerned about a lack of job security.

The last time mortgage rates were above 6 percent was Nov. 2008. At that time, the average rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 4.42 percent, the monthly payment for the same size loan would be $1,003.89, a savings of $238 per month for a homeowner refinancing now.

SURVEY RESULTS

30-year fixed: 4.42% -- down from 4.51% last week (avg. points: 0.37)
15-year fixed: 3.81% -- down from 3.90% last week (avg. points: 0.28)
5/1 ARM: 3.57% -- down from 3.67% last week (avg. points: 0.34)

Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.

Phil Hobson, Hobson Real Estate Group
Prudential Texas Properties
www.hgroupdallas.com
(214) 659-3624

Published Tuesday, November 09, 2010 10:05 AM by Phil Hobson

Filed under: Real Estate, Announcements, Finances, Buyer Information, Seller Information

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