Buyers Should Take Advantage of Unbelievably Low Mortgage Rates

Purchase money lendingWith interest rates dropping to their lowest levels since June 2013, now is a great time to buy a home at Orange County CA.

Current rate drop to about 4.03% for 30-year fixed rate mortgage (for those who qualify) is a big savings for buyers on a monthly basis.

Home loan rates are fantasticRates are a lot lower today than they were at the beginning of this year 2014 – and are now at their lowest level since June 2013.

The FED has been printing money for years by funding the secondary market and purchasing mortgage back securities. The FED has held the Federal Fund Rate at almost ZERO for over five years. Lenders are essentially charged next to nothing to borrow money and are able to pass along this savings in the form of unbelievably low interest rates.

But that won’t last forever. The FED is ready to eliminate the economic stimulus. The FED is looking to keep a lid on inflation and increase the Federal Fund Rate in about six months. That’s where we will see a change in interest rates. As the Federal Fund Rate increases, banks’ profitability is squeezed, and lenders will raise their rates to home buyers and those who refinance.

In about six months – or about April 2015 – pressure is expected to rise on interest rates.

Don’t wait! Lock in your great mortgage loan rate now. There is no better time than now to buy your Orange County home and lock in the great rate.

Orange County CA how has 7,174 homes listed for sale, which is 841 more than same time last year. The expected average market time for all of Orange County CA is at 3.24 months now – or 97 days – now a balanced market that does not favor buyers or sellers.

Sellers at Orange County CA need to make sure they are pricing their homes correctly from the start, so they can get real buyer attention during this balanced market.

By Harrison K. Long – Source of some information is CRMLS and ReportsOnHousing and is for listings and sales by all agents and brokers.

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Contact us with questions about Orange County CA homes, home buying and selling opportunities at Orange County CA. ~ Professional REALTOR® agent representation and help for home and property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of homes and properties at Orange County CA.

About Harrison K. Long

Honored as "REALTOR® of the Year 2016" by the Orange County CA Associations of REALTORs®. Professional Realtor representative, GRI, real estate broker associate, HomeSmart Evergreen, at Orange County, California - CALBRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - with best decisions about homes and real estate. Orange County Association of REALTORs member, California Association of Realtors (member and now serving on its board of directors). National Association of Realtors, member - also an attorney member of the California State Bar Association #69137. Contact by cell or text at 949-701-2515.
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