Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. Home buyers and sellers throughout Sacramento should take note of November’s numbers because — behind the headlines — there’s a series of statistics that foretell higher home prices ahead. Continue reading
This is for my good friend Mark! We were at a year-end get-together (aka Drinking beer at the pub) with my rowing crew and he kept reminding me that rates are dropping. Thank you Mark! As mortgage rates drop, so do housing payments. It’s a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history. Continue reading
As 2011 comes to a close, I pose the question I asked 9 months ago, should you buy or keep renting? It is a question I hear almost daily from first time homebuyers and those who lost homes when the housing bubble burst. Well, I have some good news!
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The answer lies on Wall Street – specifically the trading of Mortgage Backed Securities (MBS). MBS trading can result in a dramatically higher or lower payment when you are ready to lock in your rate. Unfortunately, the indicators needed to see these real-time MBS trading feeds, are not readily available to the public. The big question is – are they keeping track of rates in real-time and making you aware of sudden changes in the market? Continue reading
