It’s been an interesting month. Not one, but TWO companies reached an unprecedented milestone of having a $1 Trillion market cap (Apple and Amazon). As stocks and the economy in general continue to break all-time records again and again, the Feds (FOMC) continues to stand behind their projections for implementing four interest rate hikes for the calendar year of 2018. With 2 of those hikes in the past, we are expecting to see hike #3 soon. Before panicking, take a look at the Fed Funds Rate over the last 60 years. You’ll see we’ve been spoiled since the crash in 2008.
Finally, a shift! It’s been a tough couple of years to be a buyer in Orange County due to a crippling shortage of homes available to buy. Whether you blame foreign investors buying up real estate with cash or you blame the economy’s growth outpacing the price of homes, it’s been a tough time for those seeking to get into the market for the first time. Over the past 6 weeks, Orange County has seen a drastic increase in average days on market and number of homes listed. What does this mean? You, the buyer, finally have some leverage during the negotiation stage of buying a home. Congratulations!
Check out these great rates and give me a call today!
Conforming 30 year fixed 4.750% Rate / 4.837% APR
Conforming 15 year fixed 4.250% Rate / 4.335% APR
Jumbo 30 year fixed 4.500% Rate / 4.576% APR
Jumbo 30 year 7/1 ARM 3.875% Rate / 3.949% APR
FHA 30 year fixed 4.500% Rate / 5.015% APR
VA 30 year fixed 4.500% Rate / 4.600% APR
Want to know more?
I would love to chat about this with you some more. I absolutely love what I do and get excited "geeking out" about the mortgage industry! If you're ready to find out what your purchasing power is and what it could look like to purchase, feel free to give me a call, shoot me a text, or email me anytime:
cell: 408-833-9258 | firstname.lastname@example.org | www.divcap.net/jared-price