In the past couple of weeks, we've been asking you questions that should be considered when you're thinking about buying a home. We've asked you to consider
Why are you buying a home in the first place?
Where are home values headed?
And today, it's time to ask yourself
Where are mortgage interest rates headed?
The ‘long term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates. The Mortgage Bankers Association (MBA), the National Association of Realtors and Freddie Mac have all projected that mortgage interest rates will increase by approximately three-quarters of a percent over the next twelve months.
With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you. The chart below averages the predictions by quarter. |
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Now, let's look at what the local market has been doing this week.
7 homes listed, ranging in price from $388,000 - $2,499,900. They range in size from 1335 - 5306, and were built between 1969 & 2016.
Here are our featured listings in Porter Ranch this week... |
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11517 Autumn Glen CT, Northridge 91326
Listing # SR16021168 - $559,000
Seller will entertain and respond to all offers between $499,000 and $559,000. This gorgeous home is located in the Prestigious Promenade Community of Porter Ranch. This highly upgraded 2 bed, 2.5 bath home features an elegant living room with built-in media niche, a cozy fireplace & beautiful tile flooring. The gourmet kitchen opens to the living room & is highlighted by upgraded cabinets, recessed lighting, granite counter tops, back splash & a breakfast bar. Make your way upstairs where you will be amazed with the oversized master suite with a beautiful en suite featuring marble tile, a huge shower, double sinks, a separate vanity & a walk-in closet. Head down the hall where you will see a built-in computer area. Past the upstairs laundry room is the second bedroom with en suite. Both upstairs bedrooms have Casablanca ceiling fans. There is a beautiful private court yard that includes a built-in BBQ with granite counters & a fountain, perfect for entertaining & relaxing! This home also has an attached 2 car garage with custom cabinets for storage and direct access to the interior. Additional features include Window coverings, computer wiring, upgraded crown moldings & baseboards throughout the house. |
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20856 Sardinia WY, Northridge 91326
Listing # SR16021844 - $799,999
This gorgeous guard gated Meadows community view home is situated on a Cul-de-sac, features 4 spacious bedrooms and 3 full bath. recessed lighting, wood design porcelain tile down stairs, carpet upstairs, light and bright living room with high ceiling, family kitchen offers breakfast counter and breakfast nook with beautiful backyard views, granite counter top, stainless steel appliances, large family room with fireplace, built in surround sound speakers. true master suite with mountain views, mast bath with marble tiles, jacuzzi tub, large walk-in closet. Bedrooms with Jack and Jill, relaxing backyard with serine mountain views. Security system. Community pool,spa,barbecue and more...
Check out all the new listings this week in Porter Ranch – CLICK HERE
Bottom Line
Only you and your family will know for certain if now is the right time to purchase a home.
With the exception of Fannie Mae, the experts agree that interest rates will increase by three-quarters of a percentage point, costing you more to pay back your loan. Even a small increase in interest rates can put a dent in your family’s wealth.
Would you like to see where you stand and what the options are with financing your home? Click here for my Free Home Loan Report. What happens, is that I'll ask a few questions specific to YOUR situation, and do the research and share with you the options that will impact YOUR life and decision. All of this is done with No Obligation on your part. We want to help you make an informed decision. Reply to this email with your name and the best way to reach you, or simply call us at (818) 621-9897. |
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Anne-Marie Stone
Pinnacle Estate Properties
Cal BRE# 00923192 |
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