interest rates: Agents, Brokers, Home Buyers and Home Sellers All - GET A GRIP!!!
- 08/16/13 01:37 AM
Agents, Brokers, Home Buyers and Home Sellers All - GET A GRIP!!! We're reading post after post lamenting the rapid rise of mortgage interest rates. Let's get some perspective. O.K. 4.75% is not as good as 3.75%. However, it's a LOT BETTER than 6.75%. What are you going to do if rates reach 8.75%? FACT: If rates were to go to 8.75%, folks would still need housing. As rates go up and the cost of home ownership goes up, so does the cost of rental housing. Parents are still going to want to buy homes that suit their family … (106 comments)
interest rates: AH!! I Remember It Well. 1994 - Alan Greenspan Raised Interest Rates!
- 06/27/13 01:40 AM
Interest Rates go UP!! Interest Rates come DOWN!! We can predict and we can follow but, fact is, WE HAVE NO CONTROL. This morning, I received a rate-lock ALERT in my e-mail from a local loan officer. It was interesting (see below) and it also brought back a lot of memories. DO YOU REMEMBER 1994?? I surely do. ____________________________________________________________ "The stock market wobbled a little in 1994 but then started upward as the dot com technology boom began. During this time Greenspan raised interest rates but the boom kept happening. As the market raced upward from 1995 to … (51 comments)
interest rates: Note To Home Buyers and Buyer's Agents: GET OFF THE FENCE!!
- 06/24/13 10:38 PM
Note to Home Buyers: GET OFF THE FENCE!! YOU AIN'T SEEN NOTHIN' YET!!! The spike in interest rates this past week is more than a warning to consumers thinking about or in the process of buying real estate. Think this is bad, just wait. Oh, I suspect that we may not see much more in the way of "spikes" in interest rates. After all, a full percentage point spike in a matter of a few days is unusual. However, the volatility in such a critical component of the economic profile of the housing industry is, to say the least, not … (15 comments)
interest rates: We NEED higher interest rates??? I DISAGREE!
- 03/11/13 09:39 PM
The destruction of the U.S. housing industry is not positive for our economy. However, no one is FORCED to buy a home. Renting is ALWAYS a choice. Counterpoint to: More real estate broker heresy: We NEED higher interest rates! Richard's thoughts on real estate, interest, down payments, etc. are the complete opposite of mine. I support inclusive policies for encouraging home ownership. We are too low now, down to below 65%. that's not good for America, our economy or individuals. 20% down, as Richard favors, is a distinct barrier to home ownership. Eliminating the mortgage interest deduction is a barrier to … (19 comments)
interest rates: What Questions Do You Ask When Shopping For A Mortgage Loan???
- 02/08/12 09:48 PM
Interest Rates? Is that the question???? The "What is your interest rate?" is what sends far too many consumers to Internet lenders who clearly misrepresent the cost of a mortgage. What about the cost of that interest rate. I've known few consumers who had the ability to shop for mortgage plans who didn't focus on "What are your rates?" I have also known few consumers who understood how points, lender fees, terms, interest deduction, etc. affect the interest rate. At this time, with the new rules for mortgage companies, it's harder and harder to get the facts to compare the value … (9 comments)
interest rates: HOME BUYERS - PROTECT YOUR CREDIT SCORE. . . IT'S MONEY IN YOUR POCKET?
- 11/20/11 01:27 AM
ATTENTION HOME BUYERS: WHY YOUR CREDIT SCORE IS SO IMPORTANT. . . IT REPRESENTS MONEY IN YOUR POCKET!! CALLER: I'D LIKE TO SEE THE HOME ON 1234 First Avenue in Clarktown. A call like that is almost always a contact from our web site IDX home search page. We're happy to show a consumer a home or two, once we determine that they're looking in a reasonable price range. Determining a price range is important. Looking in the right price range helps home buyer focus and really get serious. However, while we agents can compute a price range for home buyers, once they are serious OR if they … (31 comments)
WHAT DOES A 4% MORTGAGE INTEREST RATE MEAN TO YOU, A HOME BUYER? LOOK at mortgage payments for Principal & Interest with different interest rates. On a $300,000 home purchase, the mortgage payment for Principal & Interest are: In 1997, interest rates were @8%, the Principal & Interest was $2201.29.In 2002, interest rates were @7%, the Principal & Interest was $1995.91.In 2003, interest rates were @6%, the Principal … (18 comments)
Interest Rates a composit of rates from a variety of sources and averaged. Your market may vary by points, lender fees and credit scores. IN MANY AREAS OF THE U.S., HOME PRICES ARE AT THE LEVEL OF THE MARKET IN 1992. Low home prices + Low interest rates = Opportunity Inventory is high with wonderful homes offered for sale. There are a wide variety of mortgage loans available.Does this sound like a … (28 comments)
interest rates: Ben Bernanke Spoils the Urgency Argument for Home Sellers
- 08/23/11 03:39 AM
JOHN GIVES THE FED TOO MUCH CREDIT. I'm not so sure that prospective home buyers determine their buying schedules by the action or inaction of the Board of Governors of the Federal Reserve and what Chm. Bernanke says. I suspect that their buying motivations are job transfers, family needs, don't want to rent, move for family, move for schools, and their personal budget which takes a hit each time they buy a gallon of milk. etc. Real estate market is fueled by consumer need and ability. Real estate market is slowed when folks are scared to death that the country is … (9 comments)
interest rates: Charlotte Homes Become More Affordable
- 12/19/10 10:50 PM
HOMES ARE MORE AFFORDABLE ACROSS THE COUNTRY. Great points and reminds me of years past when the real estate market reached bottoms. Folks in the early 1990s had experienced a dramatic loss of home value and equity. Interest rates were in the 8-10%. I REMEMBER IT WELL. Today's market, while I believe it's worse, is not a new experience for many home owners. Not a new experience for many agents and brokers either.
Charlotte Homes Become More Affordable Don’t you just love it when the evening news finally shares a … (4 comments)
interest rates: MONTGOMERY COUNTY MARYLAND HOME BUYERS! . . . . PRICES LOW. . . . INTEREST RATES LOW. . . . INVENTORY HIGH. . . . IT'S OPPORTUNITY TIME!
- 10/09/10 11:24 PM
IT'S OPPORTUNITY TIME FOR MONTGONERY COUNTY MARYLAND HOME BUYERS! . . . PRICES LOW. . . . INTEREST RATES LOW. . . . INVENTORY HIGH. . . . If you are in the market to buy a home in Montgomery County, you have the opportunity to buy a home and finance your purchase with the lowest interest rates in memory. 30 year fixed mortgage loans can be found as low as about 4.125%. Adjustable rate mortgage loans from well known home loan lenders are as low as 7/1 ARM = 3.250% * 5/1 ARM = 3.000%. IT JUST DOESN'T GET ANY BETTER THAN THIS.
Agents, Brokers, Home Buyers and Home Sellers All - GET A GRIP!!!
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