Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since Aug. 2017, which breaks down to an extra $118 per month or $1,416 per year.

Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since Aug. 2017, which breaks down to an extra $118 per month or $1,416 per year.

How are agents (and their clients) coping with stock market jitters?

The stock market’s slump this week likely has many in the real estate industry wondering what the downswing means for their bottom line.

7 Benefits of a Federal Reserve Interest Rate Hike

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting. Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on […]

The post 7 Benefits of a Federal Reserve Interest Rate Hike appeared first on RISMedia.

Agent/broker perspective: How to nail seller pricing from the start

A top Miami real estate agent is feeling the pain of a challenged market and sellers who refuse to budge on pricing. What can her broker do to help convince these stubborn clients? 

5 reasons rising interest rates won’t wreck the housing market

Interest rates have been trending higher since the fall of 2017 — and they are expected to continue rising — but as long as rate increases remain gradual, the U.S. housing market shouldn’t feel a negative impact.

Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands

(TNS)—Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three in 10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by Bankrate. This is a big problem, says Martin Choy, operations manager at Westwood Mortgage in […]

The post Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands appeared first on RISMedia.

How do interest rate increases really impact real estate decisions?

As this month brought word that the Federal Reserve had lifted the benchmark federal funds rate by a quarter of a percent, the doom-and-gloom scenarios began spinning in real estate offices across the country. If the real estate industry has benefitted from record low interest rates, then rising rates will depress the industry, right? Well, the answer might not be so simple.

Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

The post Fed: Rates Increased for Second Time This Year appeared first on RISMedia.

The Fed raised interest rates 0.25%, the second hike this year

The Federal Reserve increased its short-term interest rate from 1.75 percent to 2 percent Wednesday, the second rate hike to take place this year. In a press release, the central bank said the rise is due to a robust labor market and solid economic act…