Now Is The Time To Make A Sweet Deal.

By
Real Estate Agent with Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho SP37235

Sandpoint Snow Globe


I have a snow globe on my desk.  When I shake it and the dust settles, it reveals a big question mark.  That's my answer when my customers ask me to predict the future mortgage rates this summer.  Based upon the graph below (supplied by our "good friend" Freddie Mac), it looks like now is the time to buy, however.  This was my answer a year ago and probably will be my answer moving well into 2012.  

Mortgage Rates 2012

Home prices are down and mortgage rates are at the lowest point in 30 years.  If you are in a position to buy, talk to your local lender and work out the best deal possible.  Do not over extend, buy for the right reasons and enjoy your investment!

Big thanks to Cathy Pizzini of Evergreen Home Loans for the great graph!


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Rainmaker
157,008
George Bennett
Inactive - Port Orford, OR
Inactive Principal Broker, GRI

I agree. Thanks for sharing the Freddie Mac graph.

Feb 18, 2012 01:45 PM #1
Rainmaker
1,016,136
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

That is an interesting chart and it shows the trend.

Feb 18, 2012 02:03 PM #2
Rainmaker
1,291,908
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

The most reliable way to predict the future is to examine the past. Love your snow globe idea!

Feb 18, 2012 09:05 PM #3
Rainmaker
177,562
Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Anyone questioning rates right now is not a serious buyer. 

 

Feb 18, 2012 09:16 PM #4
Rainmaker
3,577,028
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Kent. You make a really good point and you are very honest as well. Now is always the best time to buy if you are wanting to.

Feb 18, 2012 11:17 PM #5
Rainmaker
861,100
Gabrielle Kamahele Rhind
KGC Properties LLC, Tucson Property Management & Real Estate - Tucson, AZ
Broker/Owner

GOOD MORNING KENT!  Snow globe photo??!!

Feb 22, 2012 07:29 PM #6
Rainmaker
205,005
Kent Anderson
Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho - Sandpoint, ID
from Schweitzer to the Lake

Hi George & Tim - Your welcome.  I thought the graph was pretty well done.

Hi Wayne - You wouldn't believe how often I use it.

Erv - Agreed.

Sheila - Thanks.  We're on the same page.

Hey G - The snow globe photo is coming.  It's down in my "downtown" office.  I wrote the post from my Schweitzer office.  ...too many offices!

Feb 23, 2012 07:45 AM #7
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Rainmaker
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Kent Anderson

from Schweitzer to the Lake
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