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Category Archives: best mortgage rate lancaste

The Ups and Downs of Mortgage Rates

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For the past few years, mortgage rates have reached – and remained at – historic lows. Between the low rates and federal stimulus incentives, millions of first-time buyers became homeowners and existing homeowners moved up.

That was then. What’s going on now? Like the stock market, it depends when you check.

The good news is that 30-year fixed-rate loans are still very low: 4.1 percent, according to USA Today on Thursday, Oct. 31. Yes, it’s a little higher than last year, but still a bargain compared to, for example, the 6.4 percent Freddie Mac reported in October 2008.

The more sobering news is that rates for 30-year, fixed-rate loans are expected to rise in 2014. The Mortgage Bankers Association predicts 5 percent next year, and 5.3 percent by early 2015. None of this should come as a surprise, and buyers should keep the prospective hike in, well, perspective.

Rising interest rates are a sign of a strengthening economy. You’d be buying a house in a more economically stable environment, which is good news. The expected rise is slow and measured, and rates will remain a relative bargain.

The best person to talk to about ramifications of rising mortgage rates is your local RE/MAX agent. He or she can tell you about lending conditions for your area, and how interest rate fluctuations may affect your options.

Interest Rates Are At An All Time Low!

RE/MAX National Housing Report

Thank You For Making RE/MAX All-Pro #1

Thank You For Making RE/MAX All-Pro #1

Keny and Cheyanne Terracciano take the time to thank all of our RE/MAX All-Pro customer’s, who voted us #1 in customer satisfaction for home buying and home selling in 2011. The award is presented by JD Power and Associates, who take customer surveys based on the customer’s review and rank multiple companies accordingly. RE/MAX All-Pro not only won, but we dominated both categories. Thank you to ALL of our customers for helping us become #1. We believe our first responsibility is to our clients. To meet their need, everything we do must be of the highest quality. From marketing and advertising to closing an escrow. If you or someone you know is buy or sell a home, RE/MAX All-Pro is the best option. Call us today at (661)945-9461 OR visit us online at http://remaxallpro.com.

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Let Us Help You Achieve The American Dream

Rent vs. Own

 

Q.

I am currently renting a home in east Lancaster for $1300 per month. I am considering buying a home but I don’t know where to start.

A.

 

Many families who are currently renting have made the decision and taken the steps to become homeowners.

The Savvy renter understands that they can pay much less per month to own their own home in than to continue renting.

RE/MAX All-Pro listed this home in East Lancaster for $103,900, and I think it’s a great example of what we are talking about today. We have Gabby- Godde with Mountain West Financial here within the Re/Max All Pro office to talk about the financial aspects of purchasing a home like this with you.


 

 

So with average rents in East Lancaster ranging from $1200-$1400 per month, we are talking about a savings between $200-300 per month

 

Current housing market conditions in Lancaster and Palmdale makes for a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home.

It is important to consider all aspects of purchasing a home. There are costs of homeownership that are not included in this breakdown such as the maintenance and utilities of a home; however, there are also some compelling reasons to strive for the “American Dream.”

If you or anyone you know is interested in buying or selling a home, Re/Max All-Pro can help! Call us today for all your Palmdale Real Estate needs at (661)945-9461 OR visit our website at http://www.remaxallpro.com

ReMax Ranks Highest in Customer Satisfation

RE/MAX CEO Margaret Kelly talks about results of the 2011 J. D. Power and Associates Home Buyer/Seller Study(SM), which recognizes RE/MAX for providing the highest overall consumer satisfaction in both categories.

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