I'm sure you've noticed that interest rates are creeping up.....again! They were the lowest they've been in years. Rates are still very good, but they may not stay that way for long! Another factor to consider is that housing prices are near what they were in 2003 in our particular area! Do you know someone who is fence sitting....waiting for the perfect time to buy? Yeah, most of us do. You may want to make them aware of some very interesting numbers. Point out to them the difference in owning a $320,000 vs. … (2 comments)
mortgage rates: Mindset Of Fear
- 03/04/09 01:02 PM
There seems to be this "mindset of fear" running rampant. We the public, and all throughout the housing industry, seem to be listening to the media. We hear about all the foreclosures, about the economic problems and we worry. We're just flat afraid and it seems that we don't know if we should take the next step or not. I'd like to share some facts that were shared with me by a favorite loan officer. Hopefully this will put a few things into perspective for you. · FACT: Interest rates are where they were back in the 1960's, back when gas was just … (20 comments)
mortgage rates: You Snooze You Lose - What your clients may be losing by waiting!
- 12/03/08 01:45 PM
I'm sure you've noticed that interest rates have come down.....again! They are the lowest they've been in years. And housing prices are near what they were in 2003 in my particular area! Do you have clients that are fence sitting....waiting for the perfect time to buy? Yeah, most of us do. You may want to make them aware of some very interesting numbers. Point out to them the difference in owning a $320,000 vs. a $240,000 home for the exact same payment amount! Do you think that might make them sit up and take notice? Loan Amount Rate Payment Payment Rate … (4 comments)
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