👨‍💼Reaction to Mortgage Rates

By
Real Estate Agent with Arizona Focus Realty SA634540000

💥Reaction to Mortgage Rates


 ☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

📨Email Brian  ~  Search the MLS for FREE



 

See what Senior Economist and Director of Forecasting, Nadia Evangelou at the National Association of Realtors has to say about the mortgage rates today.  To read the full article...  Click HERE.

 


I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon


☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

📨Email Brian  ~  Search the MLS for FREE

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Comments (22)

Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Wayne Martin there is too much panic in the world, and causes more harm than good.  I say just relax, don't worry, enjoy an adult libation!

Jun 24, 2022 05:16 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Nina Hollander, Broker and I think you are wise in doing so, Wayne Martin has it covered, now we can worry about which adult libation we will enjoy later this evening, haha.

Jun 24, 2022 05:17 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Friday morning, Brian.

Have a great day and an outstanding weekend.

Jun 24, 2022 05:22 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Brian,

Interesting article, and it may be time to raise rates to stabilize the Economy. bill 

Jun 24, 2022 05:27 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - I like and appreciate your marketing techniques. They are modern, clean, and useful. You do a great job!

Jun 24, 2022 05:28 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Brian England, panic and fear don't do any good. We can not change what is and what is to come, we can however keep moving forward and do the best we can in all things within our control. 

Jun 24, 2022 05:56 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Rates have certainly been too low for too long and the economy certainly seems to be out of whack Bill Salvatore - East Valley 

Jun 24, 2022 05:56 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Thank you, Patricia Feager, MBA, CRS, GRI,MRP your kindness always shines through, I treasure our friendship!

Jun 24, 2022 05:57 AM
Patricia Feager, MBA, CRS, GRI,MRP

Brian England - ditto!!!

Jun 24, 2022 06:17 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Beth Atalay your words are true!  Learning from the past will show us the way but dwelling on the past will bog us down.

Jun 24, 2022 05:58 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Brian,

I think Wayne Martin stated just what I was thinking. Panic and fear are so unproductive..we've seen worse..the only way to change things is get out and vote! The polices in place are NOT WORKING!!

Jun 24, 2022 06:12 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Dorie Dillard Austin TX I wish that there were actually people worth voting for, haha.  If there was a vote to clean house and start anew, I would certainly vote for that.

Jun 24, 2022 06:16 AM
Leanne Smith

So agree yet no guarantee those not in office are any better especially if they have been involved in politics at the local to state level. 

Jun 24, 2022 06:28 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Yes with rents increasing, saving money for that downpayment and closing costs will be even more difficult. However I remember buying my first home as a single mother with interest rates of 18% and I was lucky securing 13.8%.

Jun 24, 2022 06:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, times like this do send some over the edge, and they do need to sit back, and relax.  This too will pass.

Jun 24, 2022 06:54 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's all about being prepared Joan Cox those that have worked diligently to be prepared will be fine, those that haven't might have to sit back and relax, haha.

Jun 24, 2022 07:37 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Others have been asking us all week about the rise in Mortgage rates Brian, but right now it has not affected our business. Most of our buyers have been paying in cash!

Jun 24, 2022 08:51 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Cash is definitely still king Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 and interest rates do not affect those buyers at all.

Jun 24, 2022 09:29 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Brian- I love what Wayne Martin said. I often think that there are those who feel they would not survive were it not for panic in the air. 

Jun 24, 2022 10:41 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If you liked what he said sober Kathy Streib wait until Wayne Martin has had a few adult libations and we can listen to what he has to say, haha, I am thinking he would not hold back.

Jun 24, 2022 01:56 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Brian no one likes rising interest rates, but they have not deterred Buyers from buying.

Jun 24, 2022 06:07 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Even though they have been rising steadily George Souto they are still relatively low compared to a lot of years in the past.

Jun 24, 2022 07:17 PM