buying real estate: Now is the time to buy Real Estate
- 02/24/11 06:46 AM
I saw this quote and it hit home. "You can have anything in life you want if you will just help enough other people get what they want." For those who have been sitting on the fence whether the real estate market is at the bottom I blieve now is the time to buy. Real Estate prices are down and interest rates are still extremely low since Freddie Mac has been keeping track. Rates historically have averaged 7% to 14% so where we are now money is very cheap. With the changes that are taking place with Fannie and Freddie I expect interest (0 comments)
I wish I had a dollar for each time the question above has been asked of me in the past 45 days. While no one, including myself, actually knows whether interest rates will go higher, lower, or remain the same, we can hypothesize from charts and the stream of consistent positive economic data that interest rates are more likely to remain at current levels or move higher.
Attached is a price chart of FNMA 4.50% MBS with a date range from February 2010 to February 2011. Recall that as the price of a bond moves higher the yield will (2 comments)
buying real estate: Now is the time to buy Real Estate
- 02/09/11 11:48 AM
Wow if I were a home buyer today I would sure jump in. With Real Estate prices down and mortgage rates are at all time lows it's the perfect storm. (6 comments)