Wednesday, June 20, 2012

Weekly Rate and Real Estate Update, 6.20.12

Good times, great rates!

Dan’s activity this week:
So, I have 3 listings that have been sold and are waiting on Inspection Responses and Appraisals.  Always gut check time for sellers!  Let’s hope they maintained their homes to limit what the inspectors found and minimize any more out of pocket expense.  Then come in the appraisers!  I’m sure they love coming in and potentially killing deals.  There needs to be more accountability in that area of real estate.  After all, isn’t one of the best determinations of a home’s value, what someone is will to pay for it?  Imagine if NFL owners had an appraiser look at their contracts for players.  I’m sure the players would not be OK with some unknown knocking down player salaries because they didn’t believe they were worthy.

I have a closing tomorrow.  This out of town client came in as a referral!  Signed up new listing client this week, we go live next Tuesday!  Also meeting with two other prospects for potential listings and purchases within the next 6-12 months…it’s never too early to start working next year’s sales!

Lastly, it seems that good, let along great, inventory is way low.  The good homes are selling fast.

Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.92 percent to 3.91 percent for the week ended June 13, according to The rate for 15-year mortgages rose from 3.16 percent to 3.17 percent.

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