Will Rising Mortgage Rates Cool the Market?

Will Rising Mortgage Rates Cool the Market?

What do you think.  I began working in real estate sales in October 1994.  I remember Realtors Brokers with me the days when agents were selling homes in the 1980's for 18% interest. I learn of testimony of when buyer's purchased homes at 14% interest rates and that was an opportunity for the family to own their own home!  When you put the cost of borrowing into perspective, today's rising rates still are very attractive! The benefits to owning your own home or growing real estate wealth and earning passive income through investment income properties is still very attractive!

I created a "Vision Board" for focus to visualize my objectives and I had great enjoyment doing so!

It is so amazing how once I started clipping phrases that parallel to my values, desires,

Source: Uploaded by user via Saundra on Pinterest

objectives my poster board was all of a sudden not large enough. I had fun working on this project. I have some six month goals, others are 12 months, and then I have my 5 year plan, 10 year plan, and so forth! To leave a legacy for my daughter and her family is my greatest objective. I recently joined Keller Williams Benchmark Properties Real Estate Broker Office in Fremont. I am enjoying the synergy from all the positive energy with my associates. I am enjoying the environment of positive thinking, real estate education, books...I love books and my office has many interesting business books for information and ideas to grow my business with influence from successful top producers. There is a lot of real estate discussion, real estate activities, and mentoring that I did not realize how much I missed from being connected to a large national broker as I was in my previous years of real estate sales.

Each of my brokers have had national presence, and all my brokers have been awesome brokers. I formerly worked for Prudential California Realty, they were Mason McDuffie Inc. when I first earned my real estate license in October 1994. While in Humboldt County, I worked for Realty World Blue Property Group, Inc. A virtual office business model worked for me while living in beautiful rural Humboldt County. Now back home in the San Francisco Bay Area living and working in real estate sales and connected again in my home town.

I am excited to participate with my new Keller Williams Benchmark Properties Fremont Broker Office. It is with such great pleasure to work with familiar friends in business and continue to make new professional friends in business too! I am excited about the business model. I am excited about working again back in the San Francisco Bay Area. I am excited about our improving real estate economy.

I am excited what the next six months in real estate sales I will enjoy and know 2014 is going to be Awesome!

Do you journal? I have kept journals of different experiences through the years. This past year has been quite interesting, and amazing. The experience of diagnosis of breast cancer, the cure and treatment with loving care and great physicians at Stanford Hospital and the ability to work my businesses again back in the San Francisco Bay Area is such blessing. God is restoring my health, I am almost to the finish line. It has been a year long journey. I have a couple of months or less of radiation my doctors tell me I will be in remission! That is a praise that God is restoring my health and I will be strong again! The economy in San Francisco Bay Area is showing signs of improvements with job growth, new construction growth, community projects taking place, and real estate sales benefiting buyers and sellers alike! I had the opportunity to hold open house both Saturday and Sunday for an agent in my new Keller Williams Office and I had approximately 42 different families through the property and 16 agents. The activity is exciting, and what is really exciting is the excitement from the buyer shoppers previewing! I love it. It feels so good to be back in the San Francisco Bay Area working again in real estate sales.

Are you applying for a home loan? Are you in escrow on a home?

Don't Let Credit Checks Derail Buyers 

It happens ever so often we hear of Buyer's loan on their new home not closing because the new home owner to be purchased a new truck or a family vehicle while going through the home buying process and the lender will not be able to close and fund the loan. The buyer's debt to income ratio will be impacted by his purchase during the loan qualifying process. This will cause the loan not to be able to complete the loan approval by the lender. The lender will delay or cancel loan approval. A word of caution, if you are in the process of getting a home loan approval and buying a home, please put off your purchases until you have closed the escrow on your new home.

Home Prices Post Biggest Jump in Seven years!

Home Prices Post Biggest Jump in 7 Years

Slight increase in listed homes for sale inventory on multiple listing service, interest rates rising make good time for buyer's to jump into the housing market for their purchase before the cost to borrow increases which may impact their purchase price of a home they qualify to make offer in their consideration to purchase a home. Rising price point with improving seller equity appreciation also impact the buyer's purchase. Exciting time for seller's patiently waiting for an improved real estate economy.  Exciting for buyer's too, interest rates are still all time low's compared to former years and the housing prices are still low though showing signs of increased equity. It is still a great time to sell and a great time to buy real estate.