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🤷♂️🤷♂️🤷♂️🤷♂️. Unfortunately mortgage interest rates continue to rise, but that does not mean it is not the right time to purchase as they are still historically low. We offer pre-qualifications within minutes and fully underwritten preapprovals within hours, faster than any other mortgage company in the country. Thinking about buying or on the fence? Please allow my 14 years of industry experience help guide you to make the proper decisions and put you in touch with a realtor if needed. I’m always happy to consult and answer questions that you may not get from other companies or from the Internet. #recruiting#interestrates#loanofficers#mortgagelending#prequalification#loanorigination#purchasers#charleston#myrtlebeach#wilmington#realestate
#InterestRates have increased over the last year...are you out #lookingforhomes? Have you locked in your #interestrate? Are you worried you won't find the #perfecthome and when you FINALLY do you won't be able to afford it? ⠀
Guess what? There are new programs available for #homebuyers....Option 1) Buyers can “lock in their rate for three months” 😁😁
Option 2) NO Lender fees on FHA and VA loans 😲😲
Interested?? DM me and I can get you connected with the Mortgage Lender that offers these programs....Oh, and FYI—> I do not get any reimbursement from any lender. 🏠💰🏠💰🏠
Ted Learakos with a weekend rate tracking/market update for Real Estate agents on 10-19-1 8 Rates Edge Back Toward Long-Term Highs: Mortgage Rates failed to extend yesterday's modest improvement, moving modestly higher by the end of the day. This takes the average lender very close to the long-term highs seen on October 5th. Indeed, prospective borrowers shouldn't be surprised to see the highest rates since early 2011.
In and of itself, today wasn't too dramatic. We were already fairly close to these highs yesterday and, in general, have been holding in a fairly sideways pattern nearby for most of the month. As has been the case for more than 2 years, we are in a rising rate environment, and there's no compelling reason for an immediate change. That said, the higher rates go, the harder it will be for them to continue moving higher.
Additionally, when rates are historically high, we tend to see more "false starts" that look like the beginnings of a broader correction. While those starts may be "false" the first few times we see them, they would nonetheless provide some temporary relief for the housing market. Today's Most Prevalent Rates
30 YR FIXED - 4.875 to 5.125%
FHA/VA - 4.5 to 4.75%
15 YEAR FIXED - 4.5%
5 YEAR ARMS - 4.25-4.75% depending on the margin
Call for rate information relative to locking rates over the weekend. #marketupdate#mortgage#interestrates#mortgagerates#tedtalksmortgage
This Weekend! Come by and say hi at 306 - 14358 60 Avenue, Surrey from 2-4PM with @nmaini for her Like new 3 bedroom and 2 bathroom unit that feels like a home with all the modern amenities. Pets & Rentals allowed, and with Mortgage payments starting at $1965/month, it is a great opportunity for first time buyers and investors. I'll be there to answer any mortgage questions!
MLS #: R2314537
Mortgage interest rates continue to rise! 📈 If you're considering a new home, it's best to get locked in NOW in a rising interest rate environment. If you'd like to get started on the search for a new home, contact me at (704) 957-3323! #HomeSearch#CharlotteRealEstate
Interest rates are up. Why? It is important for realtors to understand everything that affects their client's decision making. We are consultants and must uphold our fiducial responsibilities to our principal, and to do that, we need to know exactly how the economy is affecting real estate. Unemployment rates are at the lowest they've been since 1969. A strong economy spurs high inflation and high inflation correlates to higher interest rates. Don't bank on it going down to the 3s let alone the low 4s. It is projected to stay in the low 5s for the next calendar year. If rising interest rates is your sole reason for not purchasing a home, good luck! You are banking on the next financial crisis for an opportunity to purchase property. Real estate will likely be the least of your worries