Do Not Wait For A Lower Mortgage Rate It Could Cost You
Do Not Wait For A Lower Mortgage Rate It Could Cost You
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while thoseratesseemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.
Even today,our mortgage rates are below what they’ve been in recent decades.So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got inyears past. The key will be acting sooner rather than later.
In late September, mortgage rates ticked above 3% for the first time in months. And according toexpertsthroughout the industry, mortgage rates are projected to continue rising in the months ahead. Here’s where experts say rates are headed:While a projected half percentage point increase may not seem substantial, it does have an impact when you’re buying a home. Whenrates riseeven slightly, it affects how much you’ll pay month-to-month on your home loan. The chart below shows how it works:In this example, if rates rise to 3.55%, you’ll pay an extra $100 each month on your monthly mortgage payment if you purchase a home around this time next year. That extra money can really add up over the life of a 15 or 30-year loan.
Clearly, today’s mortgage rates are worth taking advantage of before they climb further. The rates we’re seeing right now give you a unique opportunity to afford more home for your money while keeping your monthly payment down.
Waiting for a lower mortgage rate could cost you. Experts project rates will continue to rise in the months ahead. Let’s connect so you can seize this opportunity before they increase further.
Author:Brian Woodhead -Skyline Team Leader Phone: 602-369-0671 Dated: October 12th 2021 Views: 6 About Brian Woodhead: Realtor Designation
You deserve a Realtor with the Knowledge from these designations. Realtor’s...
View our latest blog posts in your RSS reader. Click here to access.
You deserve a Realtor with the Knowledge from these designations. Realtor’s that take the time to earn these designations are the industry leaders and top producers. We care about your real estate purchase and want to give you a level of service and representation that will make you a client for life. Brian Woodhead has all of the following:
MASTERS OF REAL ESTATE SOCIETY-
Membership in the MRE society recognizes an individuals dedication to excellence through professional education and commitment to staying abreast of the latest real estate regulations and practices. Less than one percent of REALTORS in Arizona belong to this Society.
GRI - Graduate, REALTOR® Institute
The Graduate REALTOR® Institute (GRI) symbol is the mark of a real estate professional who has made a commitment to providing a superior level of professional services by earning the GRI designation. REALTORS® with the GRI designation are highly trained in many areas of real estate to better serve and protect their clients.
Why Choose a REALTOR® With a GRI designation?
Buying property is a complex and stressful task. In fact, it's often the biggest single investment you will make in your lifetime. At the same time, real estate transactions have become increasingly complicated.
New technology, laws, procedures and the increasing sophistication of buyers and sellers require real estate practitioners to perform at an ever-increasing level of professionalism.
So it's more important than ever that you work with an agent who has a keen understanding of the real estate business. The GRI program has helped the best and the brightest in the industry achieve that level of understanding.
• Nationally recognized as top performers in the real estate industry
• Professionally trained
• Dedicated to bringing you quality service
A GRI can make a difference
When you see the letters "GRI" after an agent's name, you can count on receiving the knowledge and guidance you need to make your transaction go smoothly. In short, you can count on getting the best service available from a real estate professional.
CRS - Certified Residential Specialist
Why a CRS? Today, home buying and selling is faster, more complex, and more competitive in every way. Our goal is to make the process a little easier for you. The first step is choosing the right REALTOR®.
Experience - To earn the Certified Residential Specialist (CRS) Designation, every REALTOR® must have significant experience and volume of real estate transactions.
Ethics - Every CRS Designee is required to maintain membership in the NATIONAL ASSOCIATION OF REALTORS® and to abide by its strict Code of Ethics.
A focus in home buying and selling - To help make the home buying and selling process more rewarding, every CRS Designee must have a proven track record in the business, as well as advanced education in related areas like finance, technology and marketing. Work with the top 5%
Technology Expertise - The training available to CRS Designees includes a strong focus on technology and its applications in the real estate business.
ABR - Accredited Buyer Representative
The Accredited Buyer Representative (ABR) designation is the benchmark of excellence in buyer representation. d designation is awarded by the Real Estate BUYER'S AGENT Council (REBAC), an affiliate of the National Association of REALTORS, to real estate practitioners who meet the specified educational and practical experience criteria. More than one million people in the United States are licensed to sell real estate. Of those licensees, fewer than 2 percent are Accredited Buyer Representatives (ABR).This covete
The New Real Estate Professional must meet the needs and expectations of the Connected Consumer. The rules of business are changing, especially the real estate industry. The e-PRO Certification Program is specifically designed to keep the agent on top of changes and help you meet your goals in the exciting and rewarding world of online real estate.