The latest Federal Reserve meeting in October, the Committee decided to keep rates unchanged. Of course, these historic low rates that have spoiled us all for so long will NOT continue. It’s just a matter of time.
This article (http://www.theguardian.com/business/2015/oct/28/federal-reserve-interest-rates-unchanged) hints that even THIS DECEMBER might finally bring our first rate increase in 9+ years. And this would DIRECTLY affect mortgage rates. With home values just starting to rise in most markets, and with mortgage rates still hanging at super low levels (for the MOMENT), there’s not really a better time to buy. Many homebuyers who might be procrastinating on buying may REALLY be kicking themselves later if they wait much longer to where home prices AND mortgage rates could increase.
Here’s a quick example below of how this could have a HUGE effect on a person’s home-buying ability.
Author:Greg Sanders Phone: 678-953-2688 Dated: November 25th 2015 Views: 807 About Greg: Greg Sanders is recognized as a Keller Williams "Mega Agent". The Sanders team is one of the top te...
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The Sanders Team Real Estate provides boutique-style personalized service to manage every detail of your home sale or purchase - from specialized market knowledge to pricing, marketing, negotiating, and closing. The Sanders Team is one of the top real estate teams in the Atlanta market. The team founders, Greg and Michelle Sanders, combined their technology and real estate experience to create a leading edge, technology savvy, and service based real estate team. The Sanders Team specializes in the Metro-Atlanta Georgia real estate market, including Woodstock, Canton, Roswell, Alpharetta, Milton, Marietta, Atlanta, Cumming, Kennesaw, Acworth, Austell, Ball Ground, Dallas, Duluth, Hiram, Holly Springs, Johns Creek, Mableton, Powder Springs, Sandy Springs, Smyrna, Union City, Waleska, and White.
Mortgage rates have really shot upward pretty quickly/sharply since t
"We would definitely recommend Michelle Sanders to anyone buying or selling a home. Michelle listed and sold our existing home and helped us find and purchase our new home. Michelle was professional, extremely responsive, and most of all effective, both in attracting the right kind of traffic to our home to sell it at a great price and in finding the right kinds of homes for us to consider for the purchase.
Before we listed, Michelle made great recommendations for how we should stage our home to help it show at its best. After we listed, she ensured the home was shown on all major online services, arranged an open house event, and stayed in close communication with us about showings and progress. We had an offer within two weeks and it closed about four-weeks later.
Despite relatively limited real estate listings in this area, while our existing home sale was in process Michelle helped us find what my wife refers to as "our forever home." Michelle helped to coordinate the closings to ensure we avoided PMI, ensured all paperwork was in place and handled correctly, and basically ensured both closings happened as scheduled without a hitch.
Again, we think we are now in our "forever home," but if we ever decide to move again, we will definitely work with Michelle on both ends of the deal."