home selling in ri: Feds Are Flying Blind During Gov't Shutdown - 01/19/19 07:51 AM
Interest rates continue to benefit from a short-term economic environment, but this sweet spot will be short-lived.  Once the affects of the Washington stalemate and threat of China tariffs abate, rates will find their way back to where they were in the latter half of 2018, pushing 5%.  Those fortunate to find a home and enter into a purchase agreement have been able to lock into a 30 year fixed rate loan in the mid 4% range.  Take advantage folks, this surely won't last.
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home selling in ri: The Boy Does Cry Wolf, But Winter 2019 May Be The Time To Buy - 01/12/19 04:23 AM
As sure as the Holidays pass, and father time swipes the clock to the new year, Realtors will begin touting that winter is the best time of the year, not only to buy a home, but to sell as well.  The mantra goes, there is less inventory, so a would be home seller has less competition.  Conversely, most people like to purchase during the spring and summer months, so there is less competitive bidding to purchase.  While there is merit to this logic, mortgage interest rates of late may actually lend credence to this line of reasoning.  
 
Often times, interest rate markets will move up … (0 comments)

home selling in ri: Weekly Economic Wrap Up - Mortgage Rates - 12/15/18 06:27 AM

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George DeVine, Mortgage Banker (Atlantic Home Loans) Rainmaker large

George DeVine

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East Greenwich, RI

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