Tag Archive | Mortgage

This Month in Real Estate Video – June 2011

June’s “This Month in Real Estate” video has been released. This edition”s top story concerns the most common repairs made to a home prior to its sale. Several market statistics for the year thus far are also included, revealing that the median sales price for homes nationally is $164,000 with mortgage rates continuing to decline. For the full story and more, click the “Play” button below.

For more information on the real estate market or to speak to one of our agents about buying or selling a home, contact us today!

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30-Year Fixed Mortgage Rate Rises Above 5 Percent

For the first time since October, the 30-year fixed mortgage rate rised above 5 percent last week. Experts predict the rate will continue to inch up over the next few weeks.

Currently, a prospective buyer who takes out a 30-year mortgage loan can expect to pay approximately $50 more per month (based on purchasing a $170,000 home with a 20 percent down payment) compared to October, when rates stood at 4.2 percent.

Despite the jump in rates, relatively low home prices indicate that affordability will continue to remain high for some time.

For more information on real estate market trends, contact us today!

Source: REALTOR® Magazine | Full Article

Mortgage Rates Dip

On the heels of several weeks of rising, the national fixed 30-year mortgage rate dipped this week, according to an Associated Press report.

The report, featured on MSNBC Real Estate, also noted that rates have been rising since November, suggesting that time is running out on capitalizing on what are still considered low rates.

For more information on the current market and where it may be headed in 2011, contact us today. A Keller Williams associate would be happy to be your guide in the home search or home sale process.

Source: MSNBC Real Estate / Associated Press | Full Article

Is now a good time to buy a home?

Although the answer can fluctuate, the question seems everpresent: Is now a good time to buy a home?

In a previous blog post, we linked to our eBook “7 Reasons Why Now is a Great Time to Buy a Home,” which outlines several of the most pertinent reasons why purchasing a home now can be rewarding.

A recent CNN Money article attempts to tackle the very same question. Their answer? Yes! Now is a great time to buy. The article also takes a look at whether or not purchasing a home is a sound investment decision. For the complete story, please click the link below.

As always, if you are interested in buying or selling real estate, please contact us!

Source: CNN Money | Full Article

Capitalizing on Lower Interest Rates

Although much of the year has seen record-low mortage interest rates, recent increases could have a profound impact on potential homebuyers.

According to a recent REALTOR® Magazine report, the average rate for a 30-year fixed mortgage increased from 4.46 percent to 4.61 percent last week.

Many industry experts believe that homebuyers will begin purchasing more rapidly as interest rates increase in order to avoid higher payments in the future.

For more information on buying or selling a home, contact us today!

Source: REALTOR® Magazine | Full Article

Recent Survey Reveals Buying Still Appealing

In a recent National Association of REALTORS® survey, 8 out of 10 respondents said they still believe purchasing a home is a sound financial decision.

Despite beliefs that “banks have made it too hard to qualify for a home mortgage loan,” more than two-thirds of those surveyed said that now is a good time to purchase.

Although interest rates have increased slightly over the past few weeks, they remain at low levels. Contact us today for more information on buying or selling a home!

Source: Realty Times | Full Article

Mortgage Rates Continue to Fall

According to a recent Freddie Mac survey, U.S. 30-year fixed-rate mortgages fell to 4.27 percent for the week ending October 7, down from 4.32 percent the week prior.  This is the lowest rate ever recorded since Freddie Mac began surveying in 1971.

Meanwhile, loan demands have seen an increase over the past few weeks according to data from the Mortgage Bankers Association.  Demand is currently at its highest level since May.

Now is a great time to take advantage of these record low rates! Contact us today for more information!

Source: Yahoo! News | Full Article

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