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.

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!