mortgage rates: Will you look back five years from now and say, "Darn! I should have bought then!" Janice Roosevelt, Keller Williams Real Estate, PA & DE
- 03/09/11 01:38 AM
The LA TIMES reports an interview with Michael Corbett, author of Before You Buy: The Homebuyer's Handbook for Today's Market. Corbett, who also hosts "Mansions & Millionaires" segment on the syndicated TV show Extra. feels that "Prices are bumping along the bottom and rates are really low." Yepper, those two items together means time to buy. And the only way we know for sure when we've hit bottom is when prices start rising. Who can risk that now? As noted in other of my blogs, a 1% increase in interest rates translates into a 10% decrease in what you can afford. … (8 comments)
mortgage rates: Why NOW is the time to buy - mortgage rates -- Janice Roosevelt, Keller Willams Real Estate, PA & DE
- 03/01/11 10:20 PM
Mortgage rates are determined generally on the yield on the 10-year Treasury bond. When the yield on that bond increases, so do mortgage rates. The situations in the Middle East and Africa appear to be pushing up the price of oil, hurting stocks and that means bonds will be higher in value as investors move to purchase them. Theoretically, this should push rates down a little in the short term. The dilemma is that once those prices reach a peak and the geo-political situation clears, pricing is set to run the other direction. Long story short: prices are better but that improvement will be short-lived. If you are a home buyer sitting on the … (8 comments)
mortgage rates: Why care what a multimillionaire hedge fund manager says about rising interest rates and home affordability ? Janice Roosevelt, Keller Williams, PA & DE
- 11/15/10 03:40 AM
Jay Papasan's recent post about KW's research on what happens when mortgage rates increase and home prices drop is worth spreading around. This if for all those "fence sitters" out there trying to time the market. NOW is your time. Multimillionaire hedge fund manager John Paulson recently talked in a FORBES post about today's record-low interest rates making this the best time to buy homes in 50 years. If you don't own a home, buy one, Paulson said. If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a … (4 comments)
mortgage rates: Mortage rates on the way up! Don't wait to buy Janice Roosevelt, Keller Williams, PA & DE - jrosoevelt@kw.com
- 04/08/10 02:38 AM
Buyers don't wait another day! Mortgage rates increased from about 5 percent to 5.3 percent in in the last 7 days. And that means less buying power. For every 1 percentage point increase in mortgage rates a buyer's purchasing power is reduced by by about 10 percent. For example, taking out a 30-year mortgage for $300,000 at a rate of 5 percent will cost you about $1,600 a month, not including taxes and insurance. But the same monthly payment at a rate of 6 percent will only get you a loan of $270,000. As the economy improves and the Federal government … (2 comments)
mortgage rates: Here's some good news about a proposed Treasury Department plan to lower rates
- 12/03/08 11:04 PM
So,some good news from the media -- the Washington Post reports that The Treasury Department may force down rates and boost the real estate market with an initiative to buy securities that finance newly issued loans for home purchases. To benefit from the program, mortgage lenders would need to set really low interest rates - maybe 4.5 percent for traditional, 30-year fixed-rate loans. The scenario plays out that the securities would be purchased primarily from Fannie Mae and Freddie Mac, the financing giants that buy most mortgages from U.S. lenders, according to sources who spoke on condition of anonymity because the … (0 comments)
mortgage rates: LATEST ON MORTGAGE RATES, TRENDS - 11/24/08 - Janice Roosevelt, Ecobroker, ABR, e-PRO MATT FETICK REAL ESTATE TEAM, Keller Williams- Kennett Square, PA jrosoevelt@kw.com
- 11/24/08 03:34 AM
Negative economic news. is driving mortgage rates down but there are other factors limiting the decline of mortgage rates, such as low demand by traders for mortgage securites - choosing treasury bonds instead as their safe haven in these challenging times. There is some further explanation on that below. Many economists feel that they will be going higher in the not so distant future. So, if you are a buyers waiting for lower rates and/or lower home prices, let them know that waiting may not be such a good idea. As many of us already know, a 1% difference in rate … (0 comments)
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The LA TIMES reports an interview with Michael Corbett, author of Before You Buy: The Homebuyer's Handbook for Today's Market. Corbett, who also hosts "Mansions & Millionaires" segment on the syndicated TV show Extra. feels that "Prices are bumping along the bottom and rates are really low."
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