Showing posts with label historic interest rates. Show all posts
Showing posts with label historic interest rates. Show all posts

Wednesday, December 16, 2015

Interest Rates to Increase!- Breaking News!


BIG ANNOUNCEMENT TODAY!

http://nyti.ms/1YhRsoP

The New York Times is reporting "The Federal Reserve (FED) decided to raise short-term interest rates for the first time since the financial crisis. Officials said the economy was strong enough to keep growing with a little less help from the central bank. The Fed is likely to raise rates slowly, but borrowing costs already have started to climb. The returns on some investments, like savings accounts, also are likely to increase."

With short term rates being at historic lows for the past 7 years, at near zero, rates will be raised a quarter of one point, to .25-.5%. This will impact home buyers as mortgage rates increase. With rates sill in the 4-5% range, Mortgage rates are still very low, especially when compared to interest rates of the early 1980's, when mortgage rates were at 17-18%.


http://www.neilkearney.com/2012/10/02/historical-interest-rates-since-1972-and-appreciation-back-on-track/
Affordability decreases when interest rates go up, as home-buyers have less buying power for their money. But when you compare rates over time, we are still in a really great position and its a great time for home buyers to enter the market and or move up into more luxurious homes. For months the FED has been discussing rate increases and finally took action today. In Dave's recent crystal ball report, he predicts that at this time next year with the increase we will be at 4.6% interest rates. Because it's a great seller's market (here in Las Vegas) with less than a 3 month supply of available homes, and home values have been increasing, this will also affect home buyers and overall affordability. The FED also said subsequent increases will happen gradually.


Allow The Radcliffe Group to help you get into a new or resale home here in Las Vegas. They can help you secure the best interest rates available by connecting you to their preferred lenders.

The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com
 
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401

http://daveradcliffeltd.com/

David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea

Friday, July 17, 2015

Buy Now Before Rates Increase- Las Vegas Real Estate

Buy Now Before Rates Increase...

Affordability is great, and your money will go further now than when rates increase later in 2015? Or 2016? When will the rates increase? It's hard to say, but this is what rates were looking like today:
  • 30YR FIXED - 4.125%
  • FHA/VA - 3.75-4.0
  • 15 YEAR FIXED - 3.25%-3.375%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Interest rates are at historic rates, with inflation, it’s like “Free Money.” If inflation is at 2-2.2% you are just barely paying over inflation if you can get locked into a 2.75% interest rate. That’s just a half point above inflation. 

Buy now and get locked into a low rate! Save on the Purchase side. Potential home buyers have a low cost to buy, so it’s a great time to sell and homes are selling briskly in our current Las Vegas market. Or at least consider a refinance! Reduce your monthly payment and maybe even get rid of the mortgage insurance premium. Call us we would be happy to connect you with a qualified mortgage professional that we feel confident in referring.

Take a look at what FREE Money is all about....





Apply for a Home Loan Now!  Fire Fighters, Law Enforcement & Military Discounts Available!

As a firefighter, police officer or active or retired military service man or women, you never pay a full commission when selling your home with the Radcliffe Group and Mortgage Loan Discounts are available for your Home Loan or get your Closing Costs covered- no -out of pocket fees!

See What You Can Afford with the easy to use Loan Calculator


As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 


Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. 

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman 
with rates & images quoted from MortgageDailyNews.com
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401



 

Friday, April 17, 2015

Interest rates are at historic rates, with inflation, it’s like “Free Money.”

Free Money? Cut your cost of home ownership!

 


Interest rates are at an all-time low, the lowest they have been in 23months! It’s a great time to purchase, sell and purchase or refinance. Last week we had a 15 year loan close under 3% at 2.75%! Interest rates are at historic rates, with inflation, it’s like “Free Money.” If inflation is at 2-2.2% you are just barely paying over inflation if you can get locked into a 2.75% interest rate. That’s just a half point above inflation.

With the 23 month low, the Federal Reserve is likely to increase rates again early summer, likely in June, don’t miss out!

Buy now and get locked into a low rate! Save on the Purchase side.

Potential home buyers have a low cost to buy, so it’s a great time to sell and homes are selling briskly in our current Las Vegas market. Or at least consider a refinance! Reduce your monthly payment and maybe even get rid of the mortgage insurance premium. Call us we would be happy to connect you with a qualified mortgage professional that we feel confident in referring.

The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. Ranking consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas, Dave also ranked number 1 in 2014 as the top producing individual out of 172 Realtor- Agents in his office. 

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Centennial Hills, Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

Thank you for tuning in, subscribe to our YouTube Channel and check out our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman
For Dave Radcliffe
The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401