January 2020 - Mortgage Rates Still At Historical Lows

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

 

 

RENT DOES NOT BUILD TENANT EQUITY

 

"We would accomplish many more things if we did not think of them 

as impossible." --- Vince Lombardi

 

RENT BUILDS INVESTORS WEALTH

 

 

 

 

 

I believe in educating clients and consumers. I also believe in further education for myself. In 2019, I invested the following additional time and money for education to be the best I can be to serve consumers. When it comes to home ownership, it is serious business. My career in Real Estate launched on January 12, 2003. I am a Full Time Agent who is committed to accomplish more for myself and for others to achieve their investment needs. This week, I will spend six more hours learning more for the benefit of my clients.

 

Help Me, To Help You

Mortgage Rates Are Still at Historic Lows  

 

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Patricia Feager, REALTOR®

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        3575 Lone Star Circle, Suite 315
                                        Fort Worth, TX 76117
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

Certified Residential Specialist
Certified Pricing Strategies; Mastering the CMA
Certified Military Relocation Specialist
Certified Negotiation Expert
C
ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Topic:
Home Buying
Location:
Texas
Groups:
Active Rain Newbies
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Inspiration Station
Tags:
interest rates
buyers
investment
education
home
ownership
tenant
sellers
historic lows

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Show All Comments
Ambassador
2,154,036
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for sharing about these continuing low mortgage rates.

Jan 19, 2020 07:17 PM #1
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

MichelleCherie Carr Crowe Just Call...408-252-8900 - Thank you for reading it! I decided to encase the quote I selected with thoughts on rent vs. own. 

It was a busy 2019 with one new designation and more than what I needed for CE. This week, I have one more class and starting in February a lot more education. I hope things are going well for you! I never did receive a call... hopefuly, I will! 

Take care, Michelle! I hope this year will be GREAT for all of us!

Jan 19, 2020 08:00 PM #2
Rainmaker
546,794
Melinda (Mel) Peterson
Real Estate Cafe LLC - Bend, OR
The Blessed Realtor - ABR, CRS

Wow Patricia Feager, MBA, CRS, GRI,MRP, you sure racked up a lot of education hours in 2019!  Way to go on your new designation... that's awesome!  

I have to tell ya... the very first home I bought, interest rates were at 14%, and we didn't even bat an eye at that.  Crazy, huh!  Rates today are simply fantastic!

Jan 19, 2020 09:34 PM #3
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Melinda (Mel) Peterson - Could it be you bought your first house in 1979? I bought mine on the last day of July 1979. The interest rate was 10.5%. On Monday the rates went up and kept going up, up, up! Like you said, we never blinked an eye at that rate. I felt very fortunate I got the lower rate. What a difference a weekend made that year! This is another good reason why buyers shouldn't delay. If we had dragged our feet and took our time, there is a good chance we never would have been able to afford what we got after the date we closed or if so, it would have been smaller, older, and not as nice as what we did buy. 

Crazy! Crazy! Crazy! We really need to educate our buyers and sellers. Unless they are older and experienced what you and I did, buyers and sellers wouldn't know! Those lower interest rates makes it easier to pay off the loans earlier too!

Jan 19, 2020 09:48 PM #4
Rainmaker
3,325,131
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Patricia... right now, those low interest rates are the only thing that are making houses affordable for many buyers, offsetting price increases of the past few years.

Jan 20, 2020 05:44 AM #5
Rainmaker
2,751,703
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

With them still practically giving money away with those low-interest rates, I don't know why anyone wouldn't choose to build their own wealth, rather than an investor.

Jan 20, 2020 07:28 AM #6
Rainmaker
5,629,299
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart consumers are anxious to take advantage of the very attractive mortgage interest rates.

Jan 20, 2020 09:34 AM #7
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander - I'm often reminded how difficult it was to save up for a home when I bought my first home in 1979. It was a VA loan and it wasn't easy to get approved back then. The interest rate for me was 10.5%! But we did it  and never missed a payment. We never looked back and regretted our decision either. 

Jan 20, 2020 04:47 PM #8
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - When I was renting, my biggest goal was to save up enough money. Back then, it was LOT more to buy and the requirements to get approved were tough! To this day, I don't regret it. I would never want to rent again. I can't see myself contributing to another person's wealth while feeling I was worth more. 

Jan 20, 2020 04:50 PM #9
Rainmaker
2,117,938
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Roy Kelley - It really does boil down to being smart about money, doesn't it? The pages of time goes by quickly. There's no better time to start buying your home than as soon as you can when you're young and job opportunities are knocking, paying so much more than 10, 20, 30, 40, 50 years or more ago. 

Jan 20, 2020 04:52 PM #10
Ambassador
3,915,609
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia the rates are excellent right now, and as good as they are, they are still improving a little bit.  GREAT TIME TO BUY!!!

Jan 21, 2020 11:11 AM #11
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Rainmaker
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Selling Homes Changing Lives
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