The Market Is Heating Up! (Guest Post)

Today is our first "Guest Post". We are very interested in any professional or referral partner of ours who feel they have valuable content to provide our readers. We constantly talk about what is going on in the mortgage world and current events or feature educational content. However, we want to mix it up at times. In the coming months we are going to make some alterations to our website and our blog. One attempt to do just that is bringing in other experts to let theri voice be heard. Their views will not always echo exactly what Flat Branch Mortgage feels, however I think its benefits far outweigh any drawbacks. Just be patient with us as I am sure we will tinker with this idea until we get it right. Ok, enough of that and lets get to today's post!

The Market is Heating up!
By: Kim Stanley SRES, e-pro, SRS(Re/max Boone Realty

Believe it not , January has become extremely busy for real estate professionals, lenders and title companies, Not only have the number of showings increased, but more homes have been put under contract in the past 2 weeks than in many recent months. The selection is still great, interest rates are still at historic lows, and there is a pent-up demand.BUT IT WON'T STAY THIS WAY. Here are some cautionary predictions shared by many financial gurus:"Although home loan rates are very attractive now, the picture could be quite different as some inflationary factors will likely come to light heading into summer. Oil prices may be on the rise as we approach the summer driving season, some of the economic stimulus might begin to take hold, corporate cost-cutting measures could start to bear fruit, and, perhaps most importantly, the Fed will no longer be a buyer of Mortgage Bonds." (excerpt from MMG Weekly Market Update 1/26/09)Many are advising that if home owners or home buyers want to make a move, they need to do it now to get the best mortgage rates. They also suggest not waiting to lock in rates, hoping they'll go down another percentage of a percentage point. By doing so, you run the risk of a higher rate and possible delayed closing.For those who have been on the sidelines waiting for the right moment to jump into the market, now may be the best time for awhile.

To read more from Kim just click HERE and visit her BLOG.

Kim Stanley, SRES, e-PRO, SRS
Broker/Sales
Remax Boone Realty