mortgage rates: What Does The Year of the OX Foretell For Interest Rates
- 02/14/21 07:20 AM
I'm sure we are all happy to turn the clock on the Year of the Rat and usher in the Year of the Ox. People born in the Year of the Ox are reliable, strong, fair, patient, kind, methodical, calm, and trustworthy. That sounds a heck of a lot better for than the Year of the Rat (2020) described as smart and talented but also hot-tempered and jealous. What will this mean for mortgage rates? Ok, thankfully we have better economic indicators than the Chinese calendar and they foretell rising rates are on the horizon. In the most basic of explanations, interest … (1 comments)
mortgage rates: Real Estate and Finance - Same Story Different Day
- 03/30/19 09:02 AM
The past few weeks have been steady as she goes, so I'm going to mail in this post. Interest rates took a nice dip last week and continue to hold ground just north of 4%, lending support to the housing market, while real estate remains stable with moderate softening. Existing home sales came in at a bistering 12% month over month gain in February and are down slightly from February 2018. … (2 comments)
mortgage rates: Real Estate Gains Footing While Fed Policy Suggests Trouble Ahead
- 03/23/19 05:50 AM
If you've followed my previous blogs, I've postured that the slowdown in real estate was a brief pause, rather than a substantial decline in the market. February's existing home sales bounced back with a blistering 12% increase over January, but still down 2% year over year.....I'll take it! The real estate market remains strong as we head into spring and I expect we'll see healthy numbers throughout the year. Interest rates took an unexpected drop this past week erasing increases we saw in the fourth quarter of 2018. This is welcome news, rates are now solidly below 4.5% from a high of 5%, however, … (0 comments)
mortgage rates: 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)
mortgage rates: Will Rising Rates Threaten Home Price Gains
- 02/02/18 06:17 AM
The following is the latest analysis written by our head of capital markets. The primary takeaway is we are squarely in a rising rate environment. Our projection for 2018 is for rates to top out in the high 4% range, while these levels will remain supportive of the housing market, it will certainly put a damper on future price gains. If you are seriously in the market to purchase a home, then the time is now, we anticipate the most servere rate increases in the middle and second half of the year. The good news is you should be able to … (0 comments)
mortgage rates: Little Rocket Man A Frenemy To Mortgage Rates While Feds Taper Assets
- 09/23/17 06:17 AM
George DeVine is a residential mortgage banker and the RI branch manager with Atlantic Home Loans. George has nearly thirty year's experience in the business and would welcome a call or email if you're looking for expert consultation for your next real estate purchase. gdevine@goahl.com 401 301 0130.
I'm sure we are all happy to turn the clock on the Year of the Rat and usher in the Year of the Ox. People born in the Year of the Ox are reliable, strong, fair, patient, kind, methodical, calm, and trustworthy. That sounds a heck of a lot better for than the Year of the Rat (2020) described as smart and talented but also hot-tempered and jealous. 
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