Blog Entries Tagged: rates
Found 2 blog entries tagged as rates.

When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today's market, data shows more homeowners are getting used to where rates are and thinking it may be time to move.

As Mark Zandi, Chief Economist at Moody’s Analytics, explains: "Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren't going back anywhere near the rate on their existing mortgage." A recent study from Bank of America sheds light…

97 Views, 0 Comments

Read Full Post

Big news in the real estate world again this week! Mortgage interest rates continue to drop! They've dropped below 3.5%! This is great news for anyone considering buying a house. We can't stress this enough..... If you're going to buy a house or invest in real estate anytime soon, NOW is the time to get it done! A rate at 3.5% will save you tens of thousands in interest over the life of a loan. We're always happy to run the numbers for you to decide if a purchase or a refinance on your current mortgage makes sense.

For example.... Rates last year at this same time were around 4.5%. On a typical $300,000 loan, today's rate of 3.5% would save the borrower approximately $60,000 over the life of a loan. What could you do with an extra $60,000 in your…

885 Views, 0 Comments

Read Full Post