TUESDAY'S TOUR AND TIP

Interest Rates and Resale Values

Brought to you by Chrissy Neumann

Roswell
130 Lynwood Drive
$439,900

• Estate home with gorgeous pool and professionally manicured yard!
• Great flow to this 5 bedroom 5.5 bath home - perfect for your family holidays!
• Hardwood floors on entire first level, two fireplaces in Living and Family Room
• Gourmet kitchen with black granite counters, custom cabinetry and center island
• Vaulted Great Room with a wall of windows
• Three car garage sitting on over 1/2 an acre of land
• Award winning schools and just minutes to everything!
• View This Home at CastlesByChrissy.com

Tuesday's Tip

30-year fixed lower at 5.9%; 10-year Treasury lower at 4.35%
Monday, September 08, 2003

Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield was down at 4.35 percent.

The 30-year fixed-rate average dropped to 5.9 percent, and the 15-year fixed-rate slid to 5.24 percent. The 1-year adjustable fell to 3.77 percent.

The 30-year Treasury bond yield fell to 5.2 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

What house offers the best resale value?
Before you decide to mortgage yourself to the hilt, put your fantasies aside and take a hard look at the potential resale value of the house you're considering. Some houses are worth the expense, others are just overpriced. Time and again, the following attributes are bellwethers of enduring appreciation:

• Good location. The smallest house in the best neighborhood is more valuable than the largest house in a less desirable neighborhood.
• Easy to maintain, and not a heat hog or a repair nightmare.
• Low taxes in comparison to neighboring areas.
• A desirable floor plan. Today, that means a large family, communal areas and a large kitchen, to name a few amenities.

Homes with these attributes are available in every price range. Look at the multiple listings directories, which are available from real estate brokers. The houses are listed by price, starting with the cheapest in town and ending with the most expensive. Then the next city in the county is listed, in alphabetical order, again by price.

It's always worth looking at houses within a wide range, at least $50,000 on either side of your target purchase price. Why? Because you never know how underpriced or overpriced a property may be or how negotiable the owners may be for the home you want.

FOR ADDITIONAL INFORMATION ON THE PROPERTY LISTED ABOVE
OR THE TIP PROVIDED PLEASE FEEL FREE TO EMAIL
CASTLESBYCHRISSY@BELLSOUTH.NET OR CALL ME AT 404.925.5335.

Adams Fairfield Realty

Chrissy Neumann
"Making You Feel At Home"
www.castlesbychrissy.com
404.925.5335
fax - 770.565.4477