Hello, home buyers and happy weekend.
Great things. Stats show great appreciate 8.2% for a metro area. Fantastic place to buy a home. We will continue to see appreciation in this range for the next few years. For instance:
$10,000 down on a $200,000 home that $20k on 8% appreciate you will make $16,000
Rates
Not only appreciation is up, but inventory is low. Time to take action.
Before November 8 we had our lowest rate.
Since the election, we have seen a 1% increase. Since March we saw a nice rally. Regretfully negative world events affect the market in positive ways for us. The Fed statement has helped the bonds get on track. We see a possible squeeze play. Typically means there may be a pop out. We might see this change depending on US economic news.
Right now you are in the real 4% rate. Changes may give you some small changes to your monthly mortgage payment.
