by Joe McAuliffe | Mar 16, 2011 | Buyer Considerations, Cup O' Joe
Many experts believe there may never be a better time to buy a home. There is mounting evidence that “The Best Selection of Homes at The Best Prices”, is rapidly becoming a thing of the past. Here are the most important considerations for buyers: Top 10 Buyer...
by Joe McAuliffe | Mar 14, 2011 | Buyer Considerations, Cup O' Joe
If a homeowner kept their home with a $500,000 mortgage for 30 years, but waited to buy after rates went to 10%, they would pay the bank an extra $1,704 each month or $1,704/month × 360 months = $613,440. Why pay the bank extra?
by Joe McAuliffe | Mar 11, 2011 | Buyer Consideration Samples, Buyer Considerations, Cup O' Joe, Cup O' Joe Samples, Economic Considerations
THE HISTORY OF INTEREST RATES 1. For nearly 30 years, the interest rate averaged around 7.5%-8.0%. But, with the Fed Policy of Quantitative easing, the rates have been artificially low at around 4%. 2. With the Fed modifying it’s policy, nearly every expert...
by Joe McAuliffe | Mar 7, 2011 | Buyer Considerations, Cup O' Joe
Don’t Make Banks Your Private Charity All buyers, even investors, should consider the interest rate issue: 5.2% April 2011 9.2% 2014? 7.2% 2012? 4.2% Dec 2010 For every 1% interest rates increase, it costs borrowers approximately...
by Joe McAuliffe | Mar 1, 2011 | Buyer Considerations, Cup O' Joe
Expect Prices to Rise, An Absolute Indicator Warren Buffet has stated that it’s very difficult to invest at the bottom of the market, because you don’t know what the bottom is until it passes. His strategy has always been to invest when data indicates a market is “at...
