Tag Archive: interest rates

Feb 02

Where Are Interest Rates Headed in 2016?

With interest rates still below 4%, are you sitting on the fence … act now and purchase a new home, or, wait until next year? However, 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. With the …

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Aug 21

Where are mortgage rates headed?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. According to a recent article in Kiplinger, 30 …

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Nov 23

Why the interest rate matters for your home purchase

Let’s suppose that you want to keep your mortgage payment around $1900 per month. With an interest rate of 5% you can qualify for a $360,000 home. However, if the interest rate is lower, at 4.25%, you can qualify for a home that’s $390,000. That’s $30,000 more home you can purchase for roughly the same …

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Jul 30

3 Reasons to Buy that House NOW!

Here are three important reasons to consider buying a home today instead of waiting. 1) Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released last week projects appreciation in home values over the next five years to …

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Sep 17

5 Reasons to Buy a Home Now

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying: Supply Is Shrinking With inventory declining in many regions, finding a home of your dreams may become more difficult …

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Aug 18

New news about housing prices, sales, inventory and…

 

Mar 19

Buying a Home? The COST Is More Important Than the PRICE

We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Obviously, price is part of the cost equation. The other piece, assuming you are not an all cash buyer, is the mortgage rate. The mortgage rate to finance a purchase can have a dramatic …

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Feb 29

Warren Buffett: It’s Time to Buy Real Estate

Warren Buffett appeared live on CNBC’s Squawk Box this week. During the interview, he was asked about the current real estate market and whether he felt now was ‘the time to buy.’ His response was rather emphatic,and has been used as a headline in hundreds of articles since the interview: “If I had a way …

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Dec 21

Mortgage rates low through mid-2012

Mortgage rates are expected to remain very low at least through mid-2012, while housing activity improves slightly, according to Freddie Mac’s economic and housing outlook released Wednesday. The outlook also projects fewer single-family home-loan originations, but more multifamily lending in 2012. The rental market is likely to lead growth in the lending industry, though parts …

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Nov 02

Are you missing the ‘house’ boat?

The JP Morgan’s Market Insights report  identifies the greatest challenge in today’s housing market: consumer emotion. The article attempts to overcome that emotion with logical reasons why now is the time to buy a home. Price-to-Income Ratio One measure of housing values is the ratio of personal income to home prices. The report explains where we are …

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