Real Estate – Impact of low interest rates

With all this domestic stuff, business is good considering the holidays and standard time back.  Your referrals keep coming in and we deeply appreciate them. 

Interest rates continue to hover around the 4% level for 30 year fixed loans – less for 15 yr. loans.  For every $100,000 loan amount @ 4%, 30 year amortization, that translates to $477.42 per month payments.  Taxes and Insurance can add $200+/month to the total.

What this means is that your home is now more affordable to more buyers and it’s a great time to make a move.

 That exactly what’s happening! The market is quite active.

“It’s going to be the last warm day!”

With that forecast, I set aside yard work and other urgent events; sold my spouse on the idea, and ventured onto the golf course – it has worked about 6 times this fall!

Barb was hosted by our daughters to a trip to Florida in early November – worth 2 more “last warm days”. 

Without excuse over the Thanksgiving holiday, we cleared the garage – simple job you know; moved boxes for 6 hours, oh, that bedroom stuff we found for upstairs needs painting: dresser, end tables, headboards; took a load to the Riverside trash dumpster(thanks Chris), gave away shirts, sweats, hoodies to 3 kids (two big bags for the thrift store), found some real treasures for Barb and me – carried those back into the house - spent 1 hour looking at interesting stuff in Sarah’s cedar chest – with Sarah – swept the floor – admired our work – moved the car in – admired our work.   Looks like some “last warm days” weather next week!