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Thursday, December 13, 2018

Where Are Interest Rates Headed In 2019?


The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily throughout 2019.

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year!

Let’s take a look at a historical view of interest rates over the last 45 years.


Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.



Story taken from "Keeping Current Matters".

Friday, December 7, 2018


*Simulated Pictures*NEW BUILT single level home with open floor plan on just over 1 acre.  Located at 8082 Stella Ct. in Nampa. Home has a gas stone fireplace, Laminate flooring, Recessed lighting in Kitchen and great room. Kitchen has upscale cabinets, granite counters with a granite island and SS appliances that include Cook top, Refrig, D/W and Double Ovens. MB has a granite counter, walk in tile shower, tile floors and back splash. 10 ft ceilings, plus office/4th bedroom. Huge covered patio. 3 car garage and RV garage or work shop is 20X42.



See photos below, then click here for more information.
You can also learn more about us at lowesflatfee.com.





1960's Home


House built in 1960, 5 bedrooms, 1 3/4 Bathrooms. Located at 1922 Shoup Dr. in Twin Falls. Garage with workshop and 1 bedroom, 1 bathroom apartment built in 1970. Large Lot.



You can also learn more about us at lowesflatfee.com.




Thursday, December 6, 2018

Open Floor Plan


Spacious 1,600 sf. house, located at 557 E. Willow Ridge Ct. in Kuna, offers an open floor plan with BRAND NEW paint & flooring, 3 large bedrooms, 2.5 baths, & extended 3 car garage. Master bath has a large soaking tub, shower, private toilet, & large walk in closet. You’ll love the spacious kitchen, ample counter space, stainless steel appliances, & large walk in pantry. Yard is fully fenced & landscaped- full sprinkler system. Enjoy a quiet, low-traffic neighborhood. Adjacent to main roads allows quick travel to Boise/Meridian/Nampa/other areas.



See photos below, then click here for more information.
You can also learn more about us at lowesflatfee.com.




Rare! Newly renovated home in Plantation Creek


Rare! Newly renovated home in Plantation Creek. Located at 3551 N Rock Creek Lane in Garden City. Desirable location that is close to downtown, and has access to the Greenbelt and Plantation Golf Club. New flooring, quartz, tile, lighting, plumbing fixtures and paint. 10 ft ceilings throughout most of the home. Large, versatile great room with floor-to-ceiling built-ins for lots of display and storage space. Newer HVAC system and lifetime tile roof. Don't miss the opportunity to own an updated home in this special neighborhood!



See photos below, then click here for more information.
You can also learn more about us at lowesflatfee.com.





Tuesday, December 4, 2018

4 Reasons To Buy A Home This Winter!


Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4.8%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase in 2019.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person building that equity.
Are you ready to put your housing cost to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.




Story taken from "Keeping Current Matters".

Friday, November 30, 2018

Further Proof It’s NOT 2008 All Over Again


Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.
The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes.
Existing homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home) so they walked away which caused prices to fall even further. When this happened, even more homeowners found themselves in negative equity situations which caused them to walk away as well, and so a vicious cycle formed.
Today, the equity situation is totally different. According to a new report from ATTOM Data Solutions more than 1-in-4 homes with a mortgage have at least 50% equity. The report explains:
“…nearly 14.5 million U.S. properties were equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value…The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage.”
In addition, according to the U.S. Census Bureau, 30.3% of homes in the country have no mortgage on them.


Almost 50% of all homes have at least 50% equity.

If we take both numbers, the 30.3% of all homes without a mortgage and the 17.9% with at least 50% equity (25.7% of the 69.3% of homes with a mortgage), we realize that 48.2% of all homes in the country have at least 50% equity.

Bottom Line

Unlike 2008, almost half of the homeowners in the country are sitting on massive amounts of home equity. They will not be walking away from their homes if the housing market begins to soften.



Story taken form "Keeping Current Matters".