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1 Feb

Real estate and mortgage weekly update Feb 1

General

Posted by: Brian Mill

We have seen some wild fluctuations in the weather this week however the real estate and mortgage market seems to keep chugging along at a pretty decent pace given the time of year.  Many agents I’ve been in touch with this week say they’re going on lots of listing appointments and showing a reasonable amount of homes too.  Offers are coming together too, however I’ve seen a few that are challenging at best.  It seems people have been preapproved by lenders only to find out that their preapproval didn’t hold water due to either undisclosed facts or the lender not actually digging deep enough to get all of the facts. 

 

Interest rates are still at record low rates and many people are starting to act on refinancing their homes after they have seen what savings can be had but doing so.  If you, any of your current clients or friends and family would like to run the numbers to see if it makes sense to do so, please call or email me anytime.  I can honestly say that I personally did this last year and it was the smartest thing I’ve done in a while (since becoming a broker!).

 

This weekend I’ll be getting caught up on some work around the house as we only have one game on the road!  Call or email me anytime if you have a question or would like me to speak to your clients.