Tuesday, November 1, 2016 / by Chelsea Curtright
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.
The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.
With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 4% by this time next year. Act now to get the most house for your hard earned money. Call us at 602-799-7099 and Start Packing!
THANK YOU, AND ...
The month of November brings about an extra opportunity to say Thank You for being a valuable part of our business. As most begin to prepare for the Holiday season, plan Thanksgiving get-togethers and the like, it’s easy to become wrapped up in all that we have to do to ensure a fun, joyful time for all we are responsible for and over look all that we have to be thankful for.
Unfortunately many homeowners are desperate to exit their current home. Actually loathing this time of year as it adds to the frustration of not being settled for the Holiday’s. You may know some one or a family that fits this description.
Our Thanksgiving Gift: For the month of November, we will guarantee, in writing, the sale of an area home for 100% of Market Value or We Will Pay You the Difference!* We know there is some risk on our part to make such an incredible guarantee like that, but we are selling just about every home we list for the market value price, sometimes even more!
If you or anyone you know is considering making a move, we would like to offer them a FREE No Obligation to Move Consultation to discuss just how they can make their move, get what they want and do it with least hassle! Just like we are thankful for you and your business, I am confident your referrals will be thanking you for steering them in the right direction on getting their home sold!!
This Is Where You Can Help
Your friends, neighbors, work associates and family members who may be considering a move can now do so and celebrate true independence from the fear of getting stuck with two homes or none at all.
And remember… Your referrals help our Homeless…
As many of you may know, we are on a mission to raise $10,000 for the House of Refuge located in Southeast Mesa. We do this by donating a portion of our income. House of Refuge is a faith-based, non-profit organization that provides transitional housing and supportive services to homeless families. On any given day there are approximately 100 adults and 150 children that call the House of Refuge “home.” Using 88 homes from the old Williams Air Force Base, House of Refuge provides a stable environment to homeless families working to get back on their feet and become self-sufficient. In that effort House of Refuge has logged a success rate of over 90%. Join us in our efforts today!
Who do you know considering buying or selling a home you could refer to our real estate sales team?
Not only will they benefit from our award winning service, but we donate a portion of our income on every home sale to the House of Refuge, a faith-based, non-profit that provides transitional housing and supportive services to homeless families.
We want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:
1. You can forward this blog link to them or click here and enter their contact info online.
2. Of course you can always call us direct at 602-799-7099 as well.
You and your referrals mean more than ever to us and to families who need our help. As we move forward in this new season, please know we are extremely thankful for you and your being a special part of our mission to help families in need.
With all our appreciation.
Austin and Lynn Goodale
The Goodale Realty Group | JK Realty
480-734-8781 or 602-799-7099
1760 E Pecos Drive, Ste. 501
Gilbert, AZ 85295