Real Estate Trends in Media PA

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Media, PA, United States
Direct: 610-420-0498 Office 610-627-4937 BHHS Fox and Roach Realtors Email: Homes@BrankaDoych.com Visit my websites www.BrankaDoych.com

Wednesday, June 26, 2013

What Sellers and Buyer's Must Know - Some buyers can no longer buy the same house!!!

Sellers when you have an offer on your home today... read below... same offer may not exist next week.  Available pool of buyers is shrinking as well as after an offer they still may not be able to buy if they did not lock - in their rate!

Buyer beware, call your agent and call your mortgage representative today:

Numerous buyers can no longer buy the same house that they were looking for last month.  The rates have increased so much that the monthly payment is now out of their reach. 


Rates increasing by 1% ... from 3.25 % to 4.25 %  = 1% increase.... (using these rates as an example, not confirming today's rates)

If the buyer borrows a mortgage in the amount of $250,000... payments have increased by $142.50/month
If the buyer borrows a mortgage in the amount of $300,000...payments have increased by $171.00/month
If the buyer borrows a mortgage in the amount of $350,000....payments have increased by $199.50/month
If the buyer borrows a mortgage in the amount of $400,000....payments have increased by $228.00/month

Thursday, June 20, 2013

A great time to buy!

Prices are still low and rates are still very low.  Starting to see more and more 4% and above...  If you were thinking of selling now is the time to do it.  If you are thinking of buying, do not wait... indecision may cost you tens of thousands of dollars.