Will interest rates continue to go up or is this just and unexpected reaction to Donald winning the election?
No crystal ball needed when reporting that mortgage rates have been on an upward trend for the past few weeks. But the crystal ball shows that we can expect to see a tiny continual gradual increase with some tiny gradual decreases in between over the next quarter.
Here’s the deal. The 30 year fixed mortgage interest rates had been as low as 2.75%, and recently they have been about 3.5%, and yes, they now … (6 comments)
interest rates: Are Home Buyers Primed to Buy Right Now?
- 07/07/16 05:55 AM
Is now a good time to buy a home? Have you been on the sidelines waiting to time the real estate market? Well “if” so – it looks like you might be in the driver’s seat getting ready to enjoy the ride. It looks like buying a home today pencils out pretty good right now for those that have been waiting on the sidelines.
Are you tired of paying ultra-high rents? Well if you have been renting you know that rents are at an all-time high. And if you have been paying attention to home mortgage rates – they are approaching all-time … (5 comments)
Recently a soon to be home-buyer asked me why his lender wanted to charge him a point on his home mortgage loan. Even though I am not a lender, this is my best explanation.
Whether it’s one point two points or more, a point represents 1 percent of the mortgage loan (For example: On a $500,000 mortgage loan, one point is worth $5,000). Lenders can sometimes charge “points” in order to recoup expenses of making a loan. There are also ways a borrower can reduce the loan interest rate by paying … (49 comments)
Interest rates can jump! Many unanswered questions can be a problem, “Spain can directly impact our economy”. "I’m not too shocked interest rates about double almost overnight in Spain, they have big problems. This will cause a problem and may change & risk perception over here in our country. We should keep a sharp eye here and look to see how our government reacts. Fear can cause mortgage rates here to rise suddenly and sharply. The Gov. & the Fed. will do everything they can to prevent such a scenario. ". But the … (3 comments)
Unbelievable! Quote rates really tanking. Is it possible for rates to fall below 4%. Whether rates go below 4% year fixed is anyone's guess, trend seem to show that it may. In my opinion the feds are doing the right thing and they need to keep interest rates low, this is one way I see home ownership evolving again. Another big factor is in ensuring real estate website responsibility, today there's one big real estate website that is able to publish information that’s reckless; it hurts the real estate market. I hope one day all real … (2 comments)
interest rates: Buckle up your seat belts!
- 08/08/11 08:20 PM
The 10 year Treasury note has fallen to a record low; good for mortgage rates! The one thing that seems ironic, treasury buyers see the handwriting on the wall. United States is the best place to park your money in my humble opinion and I think eventually investors will see that. The downgrade by S&P and all of the hype will fade, it may take some time but I do believe that will be the case. As most know in the real scope with things it's all about perception..
Prudential California Realty K.G.P. L.L.C. Jon Kolsky O’ 760 689 2659 F’ … (6 comments)
Today was a big day, as bad as it was it was, it could've been worse, there was only a tiny bit of panic and a little bit of the downward spiral, but overall the news of the weekend implied uncertainty. It looks like the markets definitely overreacted to the news, the median 30 year quote still shows it's trending down. What a time to be able to secure a loan right now, it's such an amazing rate.
Prudential California Realty K.G.P. L.L.C. Jon Kolsky O’ 760 689 2659 F’ 562 439 … (1 comments)
What's the bottom of a 30 year fixed median loan? 30 year fixed median loan today, approximately 4.08% For weeks now the lows on a 30 year fixed median loan are around 4.05%, rate should stay close to where they are now, all the turmoil of the AA U.S. credit rating by S&P, and upcoming treasury auction, will most likely keep rates the same or tinny bit lower, it seems it takes significantly longer for rates to drop as it does for them to rise, go figure! When I'm asked today what's the bottom … (2 comments)
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