Kennebec Journal Economists say rising interest rates 'not bad' StarNewsOnline.com Mortgage interest rates spiked this week to the highest level in two years, with the 30-year, fixed-rate loan shooting up to 4.46 percent from 3.93 percent a week...
So you are thinking the interest rates are high now and you want to delay buying? Yes indeed 4.5% is higher than 3.5% but just before the economy slumped it was in the sixes and sevens and has at times been 9%, 12% and 15%. And thaqt is where we are heading as the Fed slowly starts buying bonds So would your rather buy at 4.5% or seven nince and 12%
Pricing your house right from the start results in a quicker sale while the home is still fresh on the market. The longer the home has sat on the market the longer it will sit on the market. This article gives many reason s as to why.
Indians like Mexicans and Chinese have a strong emotional need to own their home. It feeds their sense of security and well being. This cultural bias also means they buy a solid home rather than a home which has today's fancy frills.
A pending sale is one in which the house is under contract and it is just a a matter of time before the home is sold. So when the number of pending sales is up it means sales are up. This could be a good indication to buyers that now is the time to buy.
Your credit score goes a long way toward determining what type of mortgage that you can expect to get. In general, those with good credit scores are going to get fixed rate loans with interest rates at the lower end of the rate spectrum.
Your credit score is the critical factor in determining what rates and what kind of mortgage you can get. If you are planning to buy a home in the next couple of years now is the time to work on your credit. Key for the near future is to make all payments on time. Do not buy a fancy car. And do not incur new debts. Every dollar you pay on that fancy car is a dollar less you can pay on your mortgage. Every estra dollar you borrow is taken as a sign that are unable to pay current bills.
With many home owners till under water and suffering from the resuts of the recession California's new Homeowner Bill of Rights offers an extra level of protection. It was a commong practice for lenders to begin foreclosure proceedings while negoiating a loan modication or shortsale In California at least they can no longer do so. If you find yourself in this situation contact an attorney right away and have them go to court and get an injunction to immediately freeze the foreclosure process.
Having a beautiful yard that is well-kept and tidy enhances the home dramatically for an attractive house in the neighborhood. Even with the heat in the summer, it's still possible to improve your yard in a few simple, affordable ways.
Most people would not put moving from one house to another at the top of their list of fun things to do. However, moving is an adventure that almost everyone will experience one or more times in their life.
Did You Miss Your Chance to Grab a Cheap Mortgage? Motley Fool Over the seven days running from June 20 to June 27, mortgage analysts at Freddie Mac clocked 30-year mortgages running up 53 basis points, from 3.93% to 4.46%.
Rising mortgage rates challenging home buyers 77Square.com John and Linda Scalissi, pictured at home Friday, are trying to sell their house in Fitchburg so they can buy a move-up home, but higher interest rates are threatening to frustrate both of...
Maya Swamy's insight:
While mortgage rates are higher they are still very low in a historical context. Just a few years ago we were talking 6 to 7% loans for purchases.
For buyers it is still a good time to buy. Sellers however will have to accept that recent rapid increase in prices is likely to moderate.
Before they see your stainless steel kitcher would be buyers see your mailbox, the dirveway, the front door and the yard. Many a buyer stops by the sidewalk for a second and then drives by. This article suggest some simple ways to invite buyers to come inside.
Where is most of your money tied up? In your home. Where does your future security come from? Your home. If your neighbor sets his home on fire and yours catches fire from it what will you do? If a freak flood destroys the ground floor - how will you fix it? That is why you need home insurance and that is why your mortgage lender demands it.
If you want to work with the Hispanic community, the first thing you have to do is understand their fears concerning the real estate process and why they have those fears. A study just released by the U.S.
As this infographic shows we are not at the point of being in a housing bubble. A housing bubble occurs usually when the number of homes for sale exceed the number of people who can afford to buy. When less than 30% of the population can afford a home - there is a bubble. We are not there yet.
The number of U.S. housing markets on the mend rose by five to a total of 263 in June, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released last week.