Helping make real estate dreams come true
Rents have surged as home prices have dropped, which have caused many to wonder if homeownership is really worth it. Moody’s Analytics data has suggested that it makes more financial sense to rent than buy in many U.S. cities, but Moody’s chief economist Mark Zandi now says that is about to change. "By mid 2011 and certainly by end of 2011, buying will be superior to renting in most parts of the country," Zandi says. Home prices are expected to fall further, making more homes affordable, whereas rent prices are expected to continue to rise this year. Source: Fortune
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
Adjustable Rate Mortgages
Updated January 14, 2010
Updated January 14, 2010
| Daily Value | Monthly Value | |
| Jan 13 | December | |
| 6-month Treasury Security | 0.18% | 0.19% |
| 1-year Treasury Security | 0.26% | 0.29% |
| 3-year Treasury Security | 1.00% | 0.99% |
| 5-year Treasury Security | 1.93% | 1.93% |
| 10-year Treasury Security | 3.34% | 3.29% |
| 12-month LIBOR | 0.784% (Dec) | |
| 12-month MTA | 0.318% (Dec) | |
| 11th District Cost of Funds | 1.571% (Nov) | |
| Prime Rate | 3.25% |
Rents have surged as home prices have dropped, which have caused many to wonder if homeownership is really worth it. Moody’s Analytics data has suggested that it makes more financial sense to rent than buy in many U.S. cities, but Moody’s chief economist Mark Zandi now says that is about to change. "By mid 2011 and certainly by end of 2011, buying will be superior to renting in most parts of the country," Zandi says. Home prices are expected to fall further, making more homes affordable, whereas rent prices are expected to continue to rise this year. Source: Fortune
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
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