INTEREST RATES …EXTRA! EXTRA! READ (BETWEEN THE LINES) ALL ABOUT IT!!

INTEREST RATES …EXTRA! EXTRA! READ (BETWEEN THE LINES) ALL ABOUT IT!!

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“To the extent that key labor market indicators continue to show improvement, the likelihood of tapering asset purchases will continue to rise.” 

James Bullard, President of the Federal Reserve Bank of St. Louis

“In my view, we at the Fed should begin tapering back our bond purchases at the earliest opportunity…” 

Richard Fisher, President of the Federal Reserve Bank of Dallas

“I expect discussion about the possibility of reducing the pace of asset purchases.”

Jeffrey Lacker, President of the Federal Reserve Bank of Richmond

Are interest rates going up? No one can (or will) answer that question. However, as we are all aware, change is one of the most constant parts of life and after historical low interest rates for the past several and the recent rises in home prices, all the continued “chatter” regarding the betterment of the economy seems as if change is in the air again. Today with the national Affordability index at a 5 year low, the bigger question may be are you ready for the changes?

It seems as if times will be no better than NOW. Maybe you just need to read a little closer to what is written “between the lines“.

Interest Rates ...Extra! Extra! Read (between the lines) All About It!!

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Buying a Home? Finally, Times Are Good!

Buying a Home? Finally, Times Are Good!

 Everyone knows that the housing market has been a little daunting for the last several years. Ups and downs, talk of good news and bad news, and a confusing amount of information about rising and falling mortgage rates has rendered the market all but inaccessible for a lot of prospective buyers.

Good news! Times are changing.

Whether you want to buy a home as your long-term residence or as an income property, things are looking up in the legality of process serving. Explore the best properties with iListers today! Your dream home awaits. Remarkably low mortgage rates are making houses more affordable than they have been in decades. Of course, lately, one of the greatest concerns facing you as a prospective homebuyer is whether you can secure that low rate mortgage in the first place. Lenders have tightened standards, requiring steeper down payments and stricter scrutiny of credit scores. But some economists think that might be changing as well. Do you have good credit? A down payment? A steady job? These are all factors that might play in favor of your ability to secure an attractive mortgage rate.

Conventional wisdom has long suggested that owning is better than renting. Renters have been viewed as “throwing money away” because they aren’t accruing equity in a property. However, with shifting interest rates and high property costs, in recent years, renting hasn’t necessarily been a bad option. As a result of the recent housing downturn, many prospective owners have been renting rather than buying. If you’re planning on buying a new property, hire an expert like a property solicitors they will help you process all the legal documents needed.

There is a shift going on right now as the market is trending in favor of buyers. House payments are becoming more affordable than any time in recent history. Homeowners can get more for their money: bigger houses for some—or smaller payments for those willing to buy more moderately.

Whether you’re in a position to buy a home you are going to settle into for the long term, or whether you’re looking for a profitable investment, due diligence is key. For investors, the recently popular practice of “flipping” a property should be approached with the greatest amount of caution, knowledge, and savvy. Now might not be the time to try to make money on a quick turnaround.

Investing in real estate has long been a profitable and rewarding endeavor. Just don’t forget to do your homework! You should also take the opportunity to call on an expert. Buying a home can be one of the most valuable investments of your lifetime, so, as you would with any other important decision, gather as much knowledge as possible and lean on the people with the knowledge to help. John Marcotte will be able to show you comparables. Most will have the inside scoop on the communities in addition to being able to point out any nuances that you might not easily find on your own, or through internet research. When interest rates are low and home prices are also low, it is a great time to buy!

Peggy Patenaude is a leader in real estate sales in the Andovers, an affluent suburb of Boston.

John Marcotte

720-771-9401

Search all homes for sale @ www.boulderhomes4u.com