This is also why it is a great time to sell. Before market conditions shift and buyers can no longer afford to buy. The Ruiz Miller Team needs homes to sell! Call 352-547-1086! … (7 comments)
The Perfect Storm is a film about a true story when 3 storms collided in the North Atlantic. In 2012, three storms in housing collided as well 1) Is housing as cheap as it’ll ever get? "Home buyers who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say. Home prices have fallen and mortgage rates are hovering near record lows, pushing home … (1 comments)
mortgage interest rates: Anyone Doubt Which Way Rates Are Headed? - Revisted 3 days later!
- 02/01/13 05:49 AM
When we wrote this a few readers challenged us and quoted FED meeting minutes - we guess they did not read the analysis where FED blew it in 2007 Now this comes out: Record low mortgage rates gone for good? Original post: Anyone Doubt Which Way Rates Are Headed? Anyone Doubt Which Way Rates Are Headed?
Most of the recent Fed reports and minutes from their recent quarterly meetings have indicated they intend to hold rates near zero through 2013 and maybe 2014. They are basing that on continued weakness in the market. However, everywhere we read housing … (3 comments)
Most of the recent Fed reports and minutes from their recent quarterly meetings have indicated they intend to hold rates near zero through 2013 and maybe 2014. They are basing that on continued weakness in the market. However, everywhere we read housing is experiencing a recovery and in many locales investory is scarce.
Since housing is usually what leads us out of a recession, could the Fed be wrong?
Again?
Fed missed warning signs in 2007 as crisis gained steam
Worried about the fiscal cliff? You should be more worried about the mortgage cliff!
The Feds promise to hold down rates at least through 2014. But can they really? As Washington seems to be getting closer to at least some type of fiscal cliff compromise, rates on 30 year mortgages appear to be shooting upward!
As the economy starts to show promise and the housing market appears to be stabilizing, investors are no longer flocking toward the 10 year … (2 comments)
Dear Sellers, Are you still waiting for the market to come back? Have you heard that homes are selling again in Ocala, Florida? So maybe your long wait is nearly over if you can hold out just a little longer? Let's look at some facts. Let's say you paid $350k at the peak of the market and it is worth $200k in today's market. Let's say you wait 2 more years and the market appreciates it's normal 3-4% per year. In two years then your house will be worth ~$214k. Maybe … (28 comments)
Interest rates are hovering at historic lows of ~3.5%. Historical interest rates are 6-7% and have been as high as 15-18% as recently as the 1980s.
A 1% interest rate increase, translates into a roughly 10% increase in the price of a home or monthly mortgage rate. That means that a home that is currently worth $100,000 will be $110,000 or $120,000 with a 1-2% interest rate increase. A monthly payment of $700 will be $770 or $840!
With so few buyers today able to qualify for a mortgage or willing … (6 comments)
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