After a rapid rise in interest rates to start 2018, we have seen them start to stabilize. Average U.S. rates for 30-year fixed rate mortgages are currently at 4.42%. At the end of last month, they were sitting at 4.44%. While it is great to see upward momentum halt for the moment, the general forecast is for a steady continued rise over the rest of the year.
Tag: Sarasota
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Happy Earth Day!
“You cannot get through a single day without having an impact on the world around you. What you do makes a difference, and you have to decide what kind of difference you want to make.” – Jane Goodall
If you haven’t looked at the prices people are getting for rental properties in Sarasota, you should. The rents compared to the cost of ownership are very favorable for the owners of single family homes and condos. Further, as stock market volatility is making it look like downside risk is outweighing upside opportunity in stocks, investing in a local property can be highly appealing.
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The Power of Neutral
Most of us arrange our homes to express ourselves – our travels, families, favorite colors and unique tastes. However, when selling a home, the goal is to create just the opposite – a clean, neutral background that appeals to several different types of potential buyers. They should feel that they could fit right in and be comfortable in your house. You can help to create this feeling inexpensively by simply neutralizing your home before putting it on the market. Here are some tips to do just that.
The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month, but in a slightly different way than last month. Short-term delinquency rates (30 days late) are lower than what we saw last month, but more serious delinquencies are still up. Although we have yet to see a foreclosure spike, it sure looks like it is coming.