As Realtors and agents we are aware of the daily challenges in the industry, specifically national issues beyond our control that impact our individual business. One of these of late is mortgage rates. Trying to keep up with the current news on the rates I find that opinions on where the rate is really varies. It seems that it really is about perspective, which is a great lesson to adapt in our daily lives.
Mortgage Rates Are Interesting
Here are some recent headlines from national real estate news sources:
Mortgage Professionals of America: 9/20/2013 -
Mortgage Applications Head Up as Rates Edge Down
Mortgage applications were up last week as interest rates crept down, according to a survey from the Mortgage Bankers Association.
Bloomberg News: 9/19/2013
Home Sales Climb as Americans Rush to Lock in Rates
Sales of previously owned U.S. homes unexpectedly rose in August to the highest level in more than six years as buyers rushed to lock in interest rates before they increased further.
Realtor Magazine: 9/23/2013
Mortgage Rates Level Off
Key fixed-rate mortgages held steady this week, remaining near two-year highs.
Read the article http://www.realtor.com/news/mortgage-rates-level-off/
No Matter Where the Rate Is At …
"No matter how success is measured, personal or professional, only the ability to dismiss distractions and concentrate on your ONE Thing stands between you and your goals. The ONE Thing is about getting extraordinary results in every situation." Gary Keller
Keller Williams: 9/19/2013
Balanced Markets; Big Opportunities: Gary Keller’s Mid-Year Market Update Amounts to ONE Thing: More Sales
The annual pace of home sales in July was 17.2 percent higher than it was last year, putting the industry on pace for the best year in home sales since 2006. “The last time we saw this number was 2003,” said Jay Papasan. http://blog.kw.com/2013/09/19/balanced-markets-big-opportunities-gary-kellers-mid-year-market-update-amounts-to-one-thing-more-sales/