Tuesday Morgan Hill Intero Real Estate Tour
We had our weekly meeting and listing tour this morning. Only one home was on tour: 181 Tarragon Avenue.
This is a lovely six year-old home in the Capriano development in the northwest part of Morgan Hill. The home is priced competitively at $989,000 and is being sold by the original owners. It is a 3706 sq.ft. home with 4 bedrooms/4.5 bathrooms and is situated on a 9583 sq.ft. lot. The backyard feels private and comfortable and boasts a very large spa with no pool but the spa is often the most used portion of a pool/spa combination anyway!
At our meeting we discussed the drop in interest rates due to the Fed’s purchase of $500 billion in mortgage backed securities. Rates dropped below 6%. This bodes well for purchases and refis. Should be a happy Thanksgiving for many who may be helped by this and will be able to stay in their houses!