Rising Mortgage Rates Still At Historic Lows
Mortgage rates rose today, but rates overall are at historical lows. The average rate on a 30-year fixed mortgage is 4.47%, according to Bankrate.com, and the average rate on a 15-year mortgage is 3.64%. On a 30-year jumbo mortgage, the average rate is 4.48%, and the average rate on a 5/1 ARM is 2.96%. These rates are just averages and subject to change daily. For current rates contact your preferred lender.
During the pandemic we had historically low rates. The factors that most affect the rate increases today are inflation and economic growth. But rates can change for various reasons. Overall though, rates are expected to continue to go up this year.
Does this mean you should cancel your home buying plans? Absolutely not! Even though rates are higher than in 2021 they are still very low. 30-year fixed rates were in the high 5%’s just a few years ago.
Buying a home isn’t just about interest rates though, it’s also about making a lifestyle choice. It’s best to find right house for you when the time is right for you. Home values have historically risen and now is a good time to get in to your dream home.
Buy and Hold: The Key to Wealth
You may have heard other investors, gurus and financial planners discussing the virtues of owning rental properties. And it is definitely true that a portfolio of GOOD rental properties can provide lifetime income and financial security. But what really makes a GOOD rental property? What should you expect from your rental portfolio and how do you manage it for maximum return on minimal effort? Tom and Joanne cover those points and more with real examples and data at this GRID meeting.
Join the online GRID community to post deals, ask questions, and connect with other investors across the globe. Tom and Joanne host a monthly meeting discussing a variety of topics so sign up for the entire year! And don’t worry if you can’t make it, you can get a link to the recording so you don’t miss any valuable information. www.gridinvestor.com/atlantanorth
Inventory is the Story
The Roswell real estate market has proven to be strong even through general economic slowdowns across many industries. The biggest challenge faced by Home Buyers is the lack of inventory, or homes for sale. In this video, Joanne explains the current market conditions and why Roswell, GA remains a popular market for buyers and sellers.
Nominate A Health Care Hero To Win A Gate City Brew Prize Pack
Do you know a deserving health care worker? If so, call our office on September 2nd between 11am – 2pm to nominate a local health care worker to win one of three Gate City Brewing gift baskets valued over $400 each! We want you to call in and nominate a Health Care hero– a nurse, doctor or anyone working in the medical profession that you know in Georgia who has been going the extra mile. You must call IN with their info on Wednesday, September 2nd between 11am – 2pm. Call us at 678-287-4848 and we will register your health care hero to WIN one of these great Gate City gift baskets, custom made for the Curtin Team.
Nominate A Health Care Hero To Win A Gate City Brewery Prize Basket
Super exited to announce our giveaway for Health Care Heroes– a nurse, doctor or anyone working in the medical profession that you know in Georgia who has been going the extra mile. You must call IN with their info on Wednesday, September 2nd between 11am – 2pm. Call us at 678-287-4848 and we will register your health care hero to WIN one of these great Gate City Brewery gift baskets, custom made for the Curtin Team.
The REAL Review March | Real Estate News by The Joanne Curtin Team
From this time last year, listing inventory is down 27% and the average home price has risen 7.6%. This month we are practicing home valuations with some new team members. If you’d like a complimentary quick valuation of your home, please email us back with your home details. Enjoy the latest copy of our newsletter below.