Quality home builders

[NS_Highlander]

Originally Posted by laurab3

Do you all know anything about Beazer homes? My husband and I are interested in a home that was built by them in '05. Thanks!

They don't have a very good reputation at all. I have no personal dealings with them, but I have spoken to some owners who had nothing good to say. Common complaints are home quality, customer service and follow up. Across the board, I have read more complaints about them than anyone else.

If it is a re-sale and you really want it make sure you get a ASHI inspector to look it over. I can recommend a really good one that is very thorough should you want one.

[Condorll]

Originally Posted by pokrplr

Speaking of rates, what is going on with them. We got locked in at 6.375 in November 07 and will all the Fed rate cuts they are still averaging about the same. I did see them as low as 5.5% not too long ago b/c I am teetering with the idea of a REFI "IF" they get down little further. I think todays rate was 6.125. I think its weird that the home rates climb when the Feds knock down the prime?? Maybe I just don't understand how they operate but I wish they would get back to around 5% where I had my last home! Wishful thinking probably...

I am no expert but this is my take on mortgage rates:

1) Mortgage brokers having a hard time selling the mortgages to investors due to the subprime issue. Investors want higher rates to take on the risk.

2) Bernankes statements on the economy indicate that interest rates will have to go up sooner than later in order to control inflation. The mortgage market is building in that premium.