Buying a Home Right Now: Easy? No. Smart? Yes.
Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a Tucson home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. […]
Should I Buy a Home Now in Tucson, AZ? Or Wait Until Next Year?
Are you contemplating buying a home? If interest rates rising and home values increase what is the impact it could have on a house purchase in Tucson, AZ? What to buy a home can cost your thousands of dollars over the life of your loan! Check out the infographic below as to the impact of […]
How Much Tucson Home Can I Afford Based On Interest Rates
When buying a home in Tucson, Arizona consider the impact interest rates have on the affordability of homeownership. In 1985 interest rates were at 12.22%… to keep you mortgage payment below $1,000 a month you would have been able to afford a home that cost $95,550. If you compare 1985 to today… interest rates are […]
The Impact Your Interest Rate Has on Your Buying Power
Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are […]
Why Are Mortgage Interest Rates Increasing?
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. Why did rates go up? Whenever there is a presidential […]
Mortgage Rates by Decade Compared to Today
Mortgage rates have a huge impact on the housing market and the affordability of home ownership. Mortgage interest rates have remained at all time lows but are predicted to rise in the 1st quarter of 2017. Now is a great time to buy before interest move up! The infographic above shows historical data of what […]
Do You Know the Impact Your Interest Rate Makes?
Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying your […]
Mortgage Rates Remain at Historic Lows
Now is a good time to buy a home in Tucson, AZ while mortgage rates remain at historic lows! The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news […]
Don’t Wait! Move Up To Your Dream Tucson Home Now!
Don’t Wait! Move Up To Your Dream Tucson Home Now! Now that the housing market has stabilized in Tucson, AZ, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers […]
What If I Wait Until Next Year To Buy A Home in Tucson?
What If I Wait Until Next Year To Buy A Home in Tucson? As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months in Tucson, Arizona. As either a first-time or repeat buyer, you must not be concerned only about price but […]
Where Are Interest Rates Headed This Year?
Where Are Interest Rates Headed This Year? With interest rates still below 4%, 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 four major reporting agencies are predicting for 2016, it may make the decision […]
Buy a Tucson home now or wait? What will it cost you?
Buy a Tucson home now or wait? What will it cost you? Should you buy a home in Tucson, AZ now or wait? Should interest rates increase, which they are predicted to do in 2016, and home values increase what will it cost you? Some Highlights: The Cost of Waiting to Buy is defined as […]
Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First
Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening […]
Prices & Mortgage Rates Going Up in 2016
Prices & Mortgage Rates Going Up in 2016 Home prices and mortgage rates going up in 2016!? The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to […]
The Impact of Higher Interest Rates
The Impact of Higher Interest Rates Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: “The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t […]
Should I Pay a Mortgage Interest Rate over 4%?
Should I Pay a Mortgage Interest Rate over 4%? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. […]
Where Are Mortgage Rates Headed in 2016
Where Are Mortgage Rates Headed in 2016 The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where mortgage rates are headed when deciding to buy a home in […]
Look For 2015 To Be A Booming Year For Tucson Real Estate
Look For 2015 To Be A Booming Year For Tucson Real Estate… Read on as to why The greatest number of foreclosures that occurred in Tucson was between 2007 and 2008. The greatest number of short sales that occurred in Tucson was in 2011. When some loses a home to foreclosure they cannot be approved for […]
Warren Buffett Says Mortgages Now a “No Brainer”
Second-Richest Man Says Mortgages Now a “No Brainer” Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.) He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever. Right now, […]
Did you know buying a home in Tucson is 38% less expensive than renting?
In Trulia’s 2014 Rent vs. Buy Report, they explained that homeownership remains cheaper than renting throughout the 100 largest metro areas in the United States; ranging from an average of 5% in Honolulu, all the way to 66% in Detroit, and 38% Nationwide! The other interesting findings in the report include: Even though prices increased sharply […]
House Prices to Soar AFTER the Fed Raises Rates
“You know the housing boom will end when the Fed raises interest rates, right?” Oh really? What makes you so sure about that? “You know that mortgage rates are going up, right? And you know that when mortgage rates rise, house prices will fall – or at least stop going up – right?” People really […]
Interest Rates Are Predicted to Rise in 2015. Waiting to Buy Could Cost You Thousands!
Interest Rates Are Predicted to Rise in 2015! Waiting to Buy a Home Could Cost You Thousands! If you look at historic mortgage rates by decade in regards to how it equates to a monthly mortgage payment you can see we are at an all time low. If you look at a $200,000 principle and […]