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Tuesday, December 3, 2013

Are Loan Rates & Home Values Going Back NOT Down?

#Are Loan Rates & Home Values Going Back NOT Down? 

Well, these are the questions this week. And the answer is... No and No. You see, many potential home buyers are waiting to see if the rates AND the prices are decreasing before buying a new home. Well, the rates are not. The prices... let just say there is a lull right now. 

But let me explain - and why waiting could could be a big mistake. The mortgage loan rates have been pretty well stable on average for the last month or so. In Arizona, we seem to be doing better than the national numbers. But I would say that the rates are not going down, and that in fact they will be going up! 

As we sit right now, 30 year fixed mortgage rates sit at levels which put them near two year highs. I anticipate the mortgage lending rates to climb in the basis of the bond market. However, on a historical basis we still have very low interest rates on home mortgages at the moment. So now is a good time to buy your home and lock your mortgage at historical low rates.


In Phoenix Scottsdale, the home values in our real estate market reads as follows - up 20% on average from last year, slightly down 3% from last month, as a result from a much higher inventory of listed homes.

So when you are ready, call me to schedule your home search and purchase. Looking for the best tool to search a home, try my handy home search tool directly on the MLS at Best Phoenix Scottsdale MLS Home Search Tool OR BETTER YET... let us do the professional search and all the work for you. Just sit back and relax and watch your email with available properties with full descriptions and picture - just click here: Let us do the search for you!

So now is a good time to buy your home and lock your mortgage at historical low rates. We have the best and largest inventory of homes of the last 2 years. It will not get any better than this!

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#Are Loan Rates & Home Values Going Back NOT Down?