real estate 90275: Real Estate Rancho Palos Verdes Style - 07/26/08 02:34 AM
The Rancho Palos Verdes Market for 2008 is on the rise for single family homes sold compared to 2007 statistics. See the chart below and start to buy, no more time is left to procrastinate. The market is on the rise and how. THe interest rates are also on the rise, which means that the buyer who did not grab the rates at 5.5% on a $500,000.00 will now be paying 6.75% and over the life of your loan will spend $250,000.00 more in interest for the same home that could have been bought 3 mos. ago. Don't add rising prices
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real estate 90275: Still Have an Adjustable Rate? Don't Refinance just yet! - 05/09/08 01:23 PM
This is a interesting article from the Car.org. regarding the adjustable rate interest rate loans. Not all consumers need to get rid of their adjustable rate loan. Monthly payments are not increasing as expected with the resets. Lenders are tightening up and many are freezing the consumers HELOC or Home Equity loans so don't panic if this happened to you. It is only temporary for the Banks that are being Ultra Conservative. Happy Days will be here again and sooner than you think! "As ARMs reset, little of the expected chaos is coming to fruition Worries that subprime mortgages originated during
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