Mortgage Rates Up in Sacramento Real Estate
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Mortgage Rates Up in Sacramento Real Estate

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Buying real estate property would be the most ultimate goal a person would love to do in his or her lifetime. In Sacramento, there are homes that can be bought below market value, but first things ...

Buying real estate property would be the most ultimate goal a person would love to do in his or her lifetime. In Sacramento, there are homes that can be bought below market value, but first things first, you have to seek help from a real estate agent in finding this kind of property in the region.

For more information please visit us at http://www.DavidYaffeeTV.com

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    Mortgage Rates Up in Sacramento Real Estate Mortgage Rates Up in Sacramento Real Estate Presentation Transcript

    • Mortgage Rates Up inSacramento Real Estate©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateBuying real estate property would be the most ultimategoal a person would love to do in his or her lifetime.In Sacramento, there are homes that can be bought belowmarket value, but first things first, you have to seek helpfrom a real estate agent in finding this kind of property inthe region. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateThey know well what to do in giving their clients thesatisfaction they are looking for in finding their dreamhomes.But apart from looking for a realtor’s help, a home buyeror even a real estate home seller should know the lateston the mortgage rates in Sacramento before investing inbuying or selling properties in the region. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateLocal mortgage rates have hit their highest level in nearlyfour years, and that has a direct impact on homeaffordability and even to home prices.The average rate on a 30-year fixed mortgage stands at6.37 percent, up from 5.58 percent last summer. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real Estate"I think its indisputable that demand in the housingmarket has declined in the past few months," says a localresearcher in California.He added that, "Its very clear that rising interest ratesfigure very large in that decline." ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateApart from the abovementioned statement, he saidthat, “Rising rates had already begun to take their toll inthe fourth quarter of 2005, when the 30-year mortgageaveraged 6.22 percent, according to a report releasedMonday from Global Insight, a financial informationprovider, and National City. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateThe report figures 71 of the 100 largest Sacramentohousing markets were "extremely overvalued" at yearsend, up from 62 markets a quarter earlier.Check out your local Department of Real Estate (DRE)report for additional figures. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateThe California state report arrives at a fair market valuebased on population, income and interest rates andfactors in historical premiums or discounts.Just a piece of advice to every home buyer and even to ahome seller, mortgage rates has a direct affect onaffordability or to a property value. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateFor example, a jump in interest rates from 6 percent to 7percent on a 30-year loan adds about 10 percent to amonthly mortgage bill.A homeowner who financed a loan of $200,000 at 6percent would pay about $1,200 a month. At 7 percent, thebill would come to $1,330. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateAs mortgage rates rise, homebuyers who were alreadystretched may start demanding lower prices.This is very true, and most of the time home buyers don’tjust demand to lower the rate but they would also becomechoosy in buying the right home for their family. "Lowrates had offset unaffordability in past years," said a localSacramento realtor. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateNow let see the latest on Real estate in the other part ofthe United States;The state of California and even Florida accounted for 18of the 20 most overvalued markets, with Naples, Floridaleading the way. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateA median home in Naples now costs $367,100, accordingto the Office of Federal Housing Enterprise Oversight(OFHEO), nearly double what the studys estimate itshould.Just so you know, undervalued markets are much lesscommon and tend to be priced only slightly below wherethey should. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateTheyre especially common in Texas; eight of the top 10are in the Lone Star State. College Station leads the way --homes there cost 22.7 percent less than what the localresearcher estimate they should fetch.To help you understand more the figures I’ve writtenabove, you may consider asking help from your localDRE, they would be willing to give you the latest realestate analysis anytime you want it. ©www.DavidYaffeeTV.com
    • Mortgage Rates Up in Sacramento Real EstateLooking for Sacramento Real Estate properties? Thenvisit us at www.DavidYaffeeTv.com !We offer great quality Sacramento Real Estateproperties! Visit us now! ©www.DavidYaffeeTV.com
    • Mortgage Rates Up inSacramento Real Estate Brought To You By ©www.DavidYaffeeTV.com