interest rates: Breaking Through Housing Market Gridlock
- 06/26/23 04:10 PM
Breaking Through Housing Market Gridlock There is no doubt that buyers are in a tough spot with the rise in mortgage interest rates. Many buyers have simply assumed that they can't make a move because mortgage interest rates went up last year and haven't come back down. Although it seemed that the long-term interest rates (which relates to mortgage interest rates) might come back down if inflation stabilized, inflation is still higher than the Federal Government's target. In fact, the Bureau of Labor Statistics indicates that inflation in January was 6.3% over January 2022 which has declined by May to … (4 comments)
interest rates: Refinancing and the Adverse Market Fee
- 08/17/20 02:24 PM
Refinancing and the Adverse Market Fee There was BIG NEWS this past week in the mortgage world. Freddie Mac and Fannie Mae announced that they were granted permission from the Federal Housing and Finance agency to charge an "ADVERSE MARKET FEE" of .50% on all refinance loans. This fee which the lenders are saying is to address risk management because of the current Covid market is not getting good feedback and many lenders are upset about it. The bottom line is that it will be more expensive to refinance your home. Whether you are doing a cash-out refinance or … (1 comments)
interest rates: Evaluate the Market with Facts, Not Emotion
- 10/19/18 01:01 PM
Evaluate the Market with Facts, Not Emotion When agents ask me how the market is doing, I always ask them, "Why are you asking?" Considering they are in the market day to day I assume that they have a very good idea of how the market is doing. The challenge is that for many agents that were licensed during the downturn/correction/crash/recession (or whatever word best describes that time period for you) they tend to panic anytime the market slows in any way. What I like to tell agents to focus on is the facts of the market during that time, … (7 comments)
interest rates: A Historical Look At Election Year Interest Rates
- 10/28/16 04:59 AM
A Historical Look At Election Year Interest Rates We are right around the corner from the presidential election and many of my clients have asked me how the election will affect interest rates. I thought I would address this question by giving some historical information that might shed some light on what usually happens after an election. I used the historical archived data from the Primary Mortgage Market Survey from Freddie Mac which dates back to 1971. Let's look at the numbers for 30 year fixed rate mortgages: 1972 – Richard Nixon won in a landslide victory over George McGovern. … (1 comments)
interest rates: September Buyers and Sellers: Savvy & Serious!
- 08/12/16 02:57 AM
September Buyers and Sellers: Savvy & Serious! September is a month of new beginnings for kids going back to school and parents getting back to their pre-summer routine. With the busy-ness of the summer finally behind them many buyers and sellers that did not take action in the summer will be primed and ready to move forward in the fall. September can be the hottest activity month and you may find that your fall buyer and seller list is spilling over. Sellers who didn't list their home during the summer but who want their home sold before year end … (0 comments)
interest rates: It's the Most Advantageous Time of the Year
- 11/06/15 02:33 AM
It’s the Most Advantageous Time of the Year I can feel it in the air... The National Association of REALTORS conference is next week, followed shortly thereafter by Thanksgiving. It's the feeling of brokers looking forward to turning their attention away from their business and towards family and friends. While others may be smelling gingerbread and stuffing made from scratch, I smell opportunity. No matter if you live in an area that already has snow or you live in an area flooded with snowbirds and the winter months are your busiest time of the year, there is a market … (7 comments)
interest rates: The Pulse of the Market
- 09/12/14 04:49 AM
How to Benefit from the Pulse of the Market Agents have been contacting me these past few weeks asking me when the market was going to come back. I didn't realize it had gone anywhere. I wrote about the strength of our market a few weeks ago, but it seems that any time the market takes a pause or a breather, agents will become concerned. However, a healthy real estate market ebbs and flows with fast and furious moments and times that are slower. Many areas have been experiencing a slightly slower period during the last few weeks of … (0 comments)
interest rates: President Obama Has a Lot to Say About the Housing Market
- 08/09/13 04:01 AM
President Obama Has a Lot to Say About the Housing Market On Tuesday, August 6th, President Obama spoke in Phoenix, Arizona at Desert Vista High School, explaining his vision to promote home ownership in America. He praised reform of the financial systems and talked about the reckless practices that led to the housing crisis. A visual representation of his vision can be seen if you follow this link: www.whitehouse.gov/share/protecting-homeownership Then, on Wednesday, August 7th, he sat down with Zillow CEO, Spencer Rascoff, to answer questions submitted via social media outlets. The President said that the plunge in home prices … (0 comments)
interest rates: 2011: What's on the Horizon
- 01/07/11 07:44 AM
2011: WHAT'S ON THE HORIZON How do you become an authority? By being an expert on a topic. For me, that topic is real estate. And to be an expert on real estate I need to understand many, many things. Contract law. Buyer and seller motivations. The power of marketing. And so much more. To truly understand the real estate market and be able to identify trends that impact your lives as agents, I also do an enormous amount of research into things that most agents don’t even think about when they hear the words “real estate”. I research dozens of sources – and I’m … (0 comments)
Join Denise Lones each week as she looks at the world of real estate and the world at large from customer service to the importance of listing presentations in a one-on-one style. Denise has more than 20 years of experience as a successful agent, broker, trainer and coach. Denise is someone in the know when it comes to real estate.
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