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Wednesday, October 3, 2007
It's a Buyer's Market!Are you tired of hearing bad news about the housing market?
Here
is some good news. Interest rates are going down. Mortgage companies are becoming more strict with their
approval guidelines for buyers seeking a new loan. This will help reduce the risk of foreclosures in the future.
The cost of purchasing a home has decreased and there are incredible opportunities to find the perfect home
at a great price.
If you own investment property, this is the time to be patient and rent out your property.
The rental market is very strong and there is an increasing demand for rental property for those who may not qualify at this
time for a home loan. Offering a lease purchase or lease option is also a smart way to get continued income
from the property and have a future sale price and date set when the timing is right for everyone involved.
Posted by: Lori Jarrett, Broker/Owner
Take Me Home Real Estate, LLC
Mortgage Rate TrendsMortgage Rate Trend
Survey
Monday, Oct 1, 2007 | The Mortgage Rate Trend Survey summarizes where mortgage professionals
think mortgage rates are headed in the future. To conduct this survey, Mortgage-X asks more than 250 experts in the mortgage
field each Monday about their expectations for the mortgage market. | | Over
the next 30 days: | Over the next 90
days: | | rates will rise significantly: 0.0% | rates will rise significantly: 0.0% | | rates will rise slightly: 13.8% | rates will rise slightly:
20.7% |  rates will remain unchanged: 62.1% | rates
will remain unchanged: 20.7% | | rates will decline slightly:
24.1% |  rates will decline slightly: 55.2% | | rates will decline significantly: 0.0% | rates will decline
significantly: 3.4% |
| | Currently, about 62% of the participating mortgage
professionals believe mortgage rates will remain unchanged over the next 30 days and 55% believe mortgage rates will decline
slightly over the next 90 days. |
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