Make Your Move In 2014 For Good Financial Reason

Make Your Move In 2014 For Good Financial Reason

2014 IS 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.
  Unless you have 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.
  It 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 START LIVING   It’s 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 to see what you are missing.  Work with Berkshire Hathaway HomeServices and Experience Real Estate Excellence.

Josh Zehnder Headshot
Phone: 937-219-4870
Dated: January 10th 2014
Views: 282
About Josh: My commitment is to the Greater Dayton & Cincinnati areas. I have over 15 years of experience in the...

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