THIS THE YEAR TO MAKE YOUR MOVE?Procrastinating
about buying or selling your home may cost you in the near future. The word on the Wall Street and Main Street
is that mortgage rates may be significantly higher throughout the year.
The Fed has announced it will ease off on pumping cash into the mortgage
markets (the old supply/demand rule). In addition, Fannie Mae and Freddie
Mac have announced a variety of changes which could result in higher rates and
fees. These actions are expected to start in January 2014 and to be in
full effect later this year. ARE YOU ONE OF THE LUCKY ONES?Unless
an 800 credit score and at least 20% down, you will see an increase in the
available interest rates from Fannie and Freddie's actions soon. Everyone will feel the impact of the Feds
actions. On a typical $3000,000 mortgage, a 1/2% hike in the rate would
cost you about $32,000 over the 30-yr life
of the loan. We believe rates could rise into the 5% range soon and even higher
by the end of the year. HISTORICALLY LOW RATES ARE STILL
is important to remember we are still experiencing historically low interest
rates, compared to the last 30-years. When combined with historically affordable
home prices in the Dayton market, we expect to see a strong Spring and Summer
housing market in our area.
STOP DREAMING AND
your time to take advantage of the improving housing market while everyone else
sits on the side lines. You’ve waited
long enough to improve your standard of living.
Get the new location, new kitchen, additional bed rooms, or big back
yard you need and deserve. Visit
www.DaytonCincyHomes.com to see what you are missing. Work with Berkshire Hathaway HomeServices and
Experience Real Estate Excellence.
Author:Josh Zehnder Phone: 937-219-4870 Dated: January 10th 2014 Views: 274 About Josh: My commitment is to the Greater Dayton & Cincinnati areas. I have over 15 years of experience in the...
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About Berkshire Hathaway HomeServices Professional Realty
The Zehnder Group provides exceptional, experienced and trusted real estate support to local families in the Miami Valley. We are backed by the Berkshire Hathaway HomeServices brand. Whether buying a new home or selling your existing one, our quality expert staff is prepared to help you accomplish your real estate goals. Total customer satisfaction is our mission. The Zehnder Group, Experience Real Estate Excellence.
Here are four reasons to consider buying today instead of waiting.1. P
"Don helped me and my wife Carolyn successfully sell our home. Don worked diligently to sell our house. The selling process occurred during the weak time of real estate marketing. His efforts were continuous and we found him devoting extra effort and going out of his way to promote our property. He kept himself readily available to contact by responding quickly when called. We greatly appreciated his excellent service"