This Week’s Mortgage News

The latest mortgage news, from Alan Kennedy’s blog, Home Mortgage Help:

House prices are up. For the past year-and-a-half house prices have been increasing, which is good news for home owners as their investment is worth more (or perhaps recovering somewhat from loss of value during earlier years), they are in a better position with their mortgages, and they can sell their homes for a higher price. This may seem to be bad news for those looking to buy right now, as their new home will cost more, but there is some good news to offset this:

Mortgage rates are down. Your new home may cost more, but lower interest rates may help make a new mortgage more attractive. Sellers can also rejoice at this news, as the lower interest rates may entice more prospective buyers to sign on the dotted line.

Delinquent loans are up. While this is not a good sign for the economy, buyers and investors may be able to take advantage of the situation and find good deals on foreclosures. Coupled with lower mortgage rates, this could make home ownership possible for some who could not afford it otherwise.

Do you want to learn how the latest mortgage news could benefit you? Call me to discuss your situation and your home ownership goals.

About christinahammondhomes

Christina Hammond is currently a real estate agent for Keller Williams Greater Athens in Athens, Georgia. Her interests in real estate began when she was an undergraduate at Arizona State University, where she studied business and psychology. During her years at ASU, she apprenticed with one of the top producing real estate brokers in the area, learning the details of real estate sales in a large metropolitan area. This practical experience, combined with her university studies, further increased her interest in real estate as a career. Christina excels in developing close working relationships with clients that often grow into long term friendships. She has 15 years of real estate experience, the last 8 in the Athens area. As in Phoenix, she has fostered many connections with her clients and finds this part of her work more satisfying in this smaller venue. As Christina says, “It is enormously rewarding to help a client find a home that is right for them. Homes are the physical manifestation of many people’s dreams, and it is hard to express the satisfaction of helping someone find a home that they love.” Of course, selling real estate requires shrewd understanding of the market and competing forces. Such skills were honed through her academic experience, understanding legal contracts, business negotiations, market competition, etcetera. But from Christina’s perspective, real estate is fundamentally about the people, rather than just buying and selling. When she is contracted, her obligation to her client is paramount, and she will represent them as assertively as is necessary. Christina states, “You learn quickly that in a big city, as well as a smaller community, a great agent must be thorough and aggressive, so that the client can know that their interests are being managed effectively, and it allows them to relax and focus on the big picture.”
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