interest rates: How to combat rising interest rates
- 10/31/22 01:52 PM
Why We Recommend Locking In Your Interest Rate If you’re worried about rising interest rates, that is completely understandable. I would be concerned if you weren’t worried about the impact. However, I want to bring your attention to one key move that could change the game for you. Supreme Lending has an amazing program that can keep your rate low even when rates rise around you. To find out more, watch my latest video here. -----------------------------------------------------------------------------------------------
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interest rates: A buyer’s guide to rising interest rates
- 07/27/22 09:20 AM
Buyers: How To Handle Higher Rates Do rising interest rates make you feel like it’s too late to buy a home? Some people have left the market altogether because they don’t think they can afford higher rates. There’s no doubt that rates affect affordability, but there are plenty of creative methods you can use to still get a great deal on a property. Today I’d like to share three simple ways to combat rising interest rates and buy a great home. To learn more, watch my latest video. -----------------------------------------------------------------------------------------------
Looking to buy a home? … (2 comments)
interest rates: How to get a 4.5% interest rate RIGHT NOW
- 07/20/22 11:10 AM
(Y'all -- I'm fired up so please excuse the tiny bit of frustration you may detect in this email.) You know, if you and I were the kind of folks who made our important financial decisions based solely on what the 'drive-by' media said about the economy, the markets, etc. --- we'd probably be frozen in our tracks right now. This is top of mind for me because I heard a news reporter say the other day that mortgage interest rates now start near 7% and are 'certainly heading even higher'. What?! Misinformation like that makes me want to bang my … (2 comments)
Dear friends and clients, With the recent substantial increase in mortgage interest rates, many homeowners have been asking, “Will this finally cause home prices to drop?” The answer isn’t cut and dry. In a market where rates are predicted to rise even further this year, buyer affordability could take a serious hit. To give you a better idea of whether your home is poised to lose value in the coming months, I’m going to address four key points that explain what’s happening to buyers in the real estate market and what you can expect in the future if you’re thinking about selling: 1. … (1 comments)
Dear Friends and Clients, Our market is on fire, and it isn’t even spring. Low interest rates have spurred demand, but there aren’t many houses for sale, meaning sellers have less competition. Supply is hitting an all-time low, so if you’ve been sitting on the sidelines, it could be time to finally list your home. Total inventory was down 28% year over year in January, and new listings were down 9%. Why aren’t people listing their homes even though they can get a fantastic deal? According to Danielle Hale, chief economist at Realtor.com, “Factors like omicron uncertainties could be causing sellers to hesitate … (0 comments)
Friends and Clients -- I have a quick update to share regarding mortgage interest rates. Whether you’re looking to buy, sell, or refinance, these numbers affect you. Mortgage interest rates have dipped just below 3% once again. The average for a 30-year fixed-rate mortgage now sits at 2.98%. The week prior, rates jumped back up above 3%. This was the first time in 10 weeks that rates had risen above 3%. The news of rates rising above 3% triggered a pretty significant drop in mortgage applications. The Mortgage Bankers Association reported that they dropped by 6.9% last week. That’s their lowest level in … (1 comments)
Friends and Clients — We're in for a very competitive stretch in the real estate market. First off, mortgage rates have started increasing. For the first time since last summer, the 30-year average mortgage rate is now over 4%. This follows a long period when mortgage rates were near record lows. And this latest increase might be more than just a temporary bump. Some experts, including Freddie Mac's deputy chief economist Len Kiefer, predict we've seen the last of sub-4% mortgage rates, thanks to strengthening inflation and broad-based economic growth. Second, mortgage applications are also increasing. Applications were up in January by 4.1% compared to last year. This has … (1 comments)
Friends and clients, I write you today about the recent Fed decision to raise interest rates. Don’t worry. You won’t see the cost of mortgages increase too much. It’s only a 0.25% rate hike. However, as our Austin economy improves, interest rates will likely rise further making it more expensive to buy a home. If you’re thinking of selling your home, this affects you now… Your home will sell for its maximum price in 2016. The upcoming spring selling season is going to be hot. Not many homes are for sale in Austin – inventory is very tight. Home … (0 comments)
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