December 28th, 2010 1:01 PM by BILL WILBANKS
This is for the folks who procrastinated and think they missed out on that refinance opportunity or the family thinking about taking advantage of the great prices on homes right now. If you are kicking around making a home purchase or refinancing what you now have hopefully you have been actively watching rates in the last three months of 2010. That's right they are up just about a full percent from the truly unbelievable lows we had seen in the high 3's. For a great charted look at the recent few months rise on the 10-yr treasury yield you need look no farther than this attached article update today. It'll bring it home instantly as to what has been going on in the rate arena of late.
Most folks in the industry would agree that though no one can tell you when or how much...rates are likely to continue to be going up. So I'm going to be putting together some timely input that I've learned over my 3 plus decades in the business in markets very similar to the one we have today. Hopefully they may come in handy for you and at the very least dispel a few of the common misconceptions many people talk themselves into during a rising rate market that keep them from doing what they really want to do. And it may also confirm your current beliefs. I'll be hitting on these and a few more topics starting the new year out right:
Refinance strategies such as:
Purchase strategies such as:
So hopefully I'll touch on something that will help you reach your goal for 2011 and beyond. Check the site daily and whenever you have a question give me a call. I love coming up with solutions and exceeding your expectations.