Are you a first time homebuyer and have questions about the rising home values in the Dallas Fort Worth area? You are not alone! Questions keep pouring in from around the metroplex asking how long will this rise go on. Here are 3 key areas to consider. Interest Rates – Rates have been at an …
Category: interest rates
Interest Rates and the recent Election
Dear Friends, How has the recent Election affected interest rates? A lot of people have been asking what this election means in regards to interest rates, the economical outlook and the economy in general. Regardless of your political view, Most Americans were shocked at the outcome, anticipating that there was no way HRC would NOT …
Buying Still Cheaper Than Renting
Even in light of rising home prices, Trulia‘s October 2016 “Rent vs. Buy Report” successfully argues that owning your home with a conventional 30-year fixed rate mortgage costs less than renting in major US metros, even in high priced areas like Honolulu, HI (which sees 17.4% cost reduction over renting). The highest difference was 53.2% in Miami, FL …
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The EU Referendum, Brexit, and US Mortgage Rates
“The sudden stop in employment growth rules out any chance of a rate hike from the Fed at next week’s FOMC meeting, particularly now that the UK vote on whether to leave the European Union appears to be going down to the wire,” said Capital Economics Chief Economist Paul Ashworth. (source: Housingwire.com) Britain’s exit from the …
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Home Prices and Mortgage Interest Rates to Rise in 2016
Your home’s mortgage payment is based on the price of the home (minus the down payment), and the interest rate for the loan. Both prices and interest rates will likely rise in 2016. Home Prices CoreLogic anticipates a national 5.2% home value increase for the next year. The percentage varies by state, with WA, CA, NV, UT, AZ, NM, FL, and …
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Don’t Miss This “I Wish I Had” Moment
When I was a kid every once and a while I would hear a grown up say “I wish I had….” It might have been buy that Microsoft stock when my friend told me about it or that piece of land that looked like a dump and was dirt cheap but now has a booming ...