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Real Estate Resource Roundup – 12/09/2016
Did you know that, although gingerbread has been around since the ancient times, it was the Brothers’ Grimm tale of Hansel and Gretel that helped
Did you know that, although gingerbread has been around since the ancient times, it was the Brothers’ Grimm tale of Hansel and Gretel that helped
The final month of the year is here, and that means it’s time to make some moves and start setting your 2017 goals! Get yourself
Autumn is in full swing, and with it comes pumpkin season! Whether you’re a pumpkin fanatic or you’re over the craze, we’ve got the industry
With the month of July coming to a close, and the summer heating up, the real estate industry couldn’t be hotter! Whether you’re lounging on
The first month of 2016 is coming to a close, and what a month it has been! We’ve been keeping up with industry news, watching
Real estate never sleeps, but it does enjoy the weekend! Before you start your end-of-week fun, catch up on all the latest news, updates, and
Between the revelations of Arnold Schwarzenegger, the allegations against IMF chief Dominique Strauss-Kahn and the declarations of 2012 Presidential election hopefuls, you may have missed
There was a lot of finger pointing in Washington this week. The Federal Government is urging banks to forgive principals in order to help homeowners
When it comes to the current real estate climate, we at Better Homes and Gardens Real Estate have been preaching cautious optimism for months, as
Selling through the current economic “Yin-yang”
(The coherent fabric of nature and mind, exhibited in all existence)
The Yang
It is interesting how there always seem to be two sides to every economic rebound. One recent effect of increased real estate market activity is a gradual increase in long-term mortgage interest rates. After bottoming out this past March in the vicinity of 4.5% for a 30-year fixed loan, the current and still historically low rate of 5.5% seems inflated to increasingly price-sensitive consumers. As a result, homes sales and refinancing are being impacted, albeit only slightly.
We are surely at historic lows in mortgage interest rates and there is much to be gained by refinancing your home mortgage, but accomplishing this requires a systematic approach and a careful attention to detail. The new economy has brought with it a heighted sense of risk and banks may require some convincing before opening up the money gates. There are a number of things to be aware of that, if understood, will help to make your loan application process smoother and more successful. I hope that the following ideas are helpful.
Where is the economy headed? When will the recession end? How much lower will housing prices fall? How long will interest rates stay as low
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