Interest Rates remain at historic lows – but for how long?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year fixed … [Read more...]

U.S. mortgage applications fall in latest week: MBA

Let #bobwert #remax Help You Find #therighthome #lebanoncountypa #berkscountypa #schuylkillcountypa #dauphincountypa- Applications for U.S. home mortgages fell last week as interest rates jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its … [Read more...]

Mortgage Interest Rate Impact on Family Wealth

With interest rates still in the low 4%’s, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the experts are predicting for 2015, it may make the decision for you. Predictions for 2015 3Q: 4.6% - Fannie Mae 4.8% … [Read more...]

Buy Now, Not Later

It is often suggested that potential home buyers consider rising interest rates when thinking about the true cost of a home. Remember, cost is not determined by price alone but by price and mortgage rate. The longer a buyer waits, the higher the mortgage payment will be if rates continue to increase … [Read more...]

Should you wait for interest rates to come back down?

A graph of the movement of the 30 year fixed mortgage rate since the beginning of 2012. Some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. Though no one can guarantee where rates will be in a few months, we don’t believe waiting is a … [Read more...]

Comments on the Impact of Interest Rates

Here are a few interesting comments on how rising interest rates might impact the real estate market as we move forward.   Zillow   Dr. Svenja Gudell, Senior Economist   “As long as mortgage interest rates don’t rise too far and too fast, most markets should be able to … [Read more...]

The advantages of Assumable Mortgages

Today’s advantages of assuming existing mortgages as opposed to applying for a new mortgage §Lower closing costs §Lower interest rate loans amortize faster than higher interest loans §Mortgage is advance in amortization timetable §Easier to qualify for than new one §Appraisal Not … [Read more...]

Where Are Mortgage Rates Heading

Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%. When recently asked, Zillow’s director of Mortgage … [Read more...]

The Right Time to Buy?

Interest Rates Rising?   Freddie Mac’s Weekly Primary Mortgage Market Survey shows the 30 year mortgage rate climbed to 3.81% last week. It is the highest level in over a year. The Mortgage Bankers Association, Fannie Mae, and National Association of Realtors all predict rates will continue … [Read more...]

Fed On Interest Rates Futures

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