November 2014

Found 2 blog entries for November 2014.

As the cliché saying goes, now may actually be the best time to buy a home in Dominion Valley Country Club.  As I review economic statistics, inventory data, days on market, and interest rate data, now is an amazing time to buy a home in Dominion Valley.  There is ample inventory available for those families that wish to step up to a luxury single family home in the community.  Many sellers are willing to accept contingent offers and interest rates are crazy low.  Economic and monetary policy have mortgage professionals anticipating interest rates to rise next year.  Some area lenders are forecasting a 1% uptick by year end of 2015.  Let’s take a look at the interest rate impact for home sales in this community…

The average sales price in the community

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Christopher Siegel of Propsperity Home Mortgage provided me with this interesting article.  I am posting this with his permission on my Blog for you all...Carolyn

Rates May Rise in 2015 -  As expected, the Federal Reserve has confirmed that it would end its bond-buying program known as Quantitative Easing (QE).  QE is economist lingo for the Federal Reserve purchasing of bonds to lower long-term interest rates.

So what does this mean?  Ending QE isn’t “putting on the brakes.”  It’s just easing off the accelerator.  Rates will not shoot up by 1% overnight.  The Fed’s bond holdings will naturally shrink over time as bonds come due.  This will put pressure on the Fed to raise short-term rates by the middle of 2015 and long-term interest rates will

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