Tony Hawkins, ABR
Real Estate Broker / Instructor
Office: (919) 491-7254
tony@tonyhawkinsre.com
Tony Hawkins, ABR
North Carolina Real Estate Broker / Instructor
The Mortgage Game
From The Hawk's Cry - April 2003
Holden Lewis reporting for Bankrate.com states that the impressive show by the U.S. military in Iraq has nudged long-term mortgage rates upward. As the Marines reach Baghdad city limits and as military victories accumulate, interest rates rise. Some consumers reach a refinance decision on what they think will happen in Baghdad, and since they’re not there, its merely guess work. If things go well for the U.S. military, rates probably will continue to rise. If the Iraqis surrender soon and produce Saddam Hussein's dead body, mortgage rates will spike. If American troops suffer a disastrous setback, mortgage rates probably will fall.
Mortgage rates, as I write this, are on a roller coaster ride. Opportunities still exist for both commercial and residential buyers/investors. If you or your friends are still waiting for that optimum moment to involve yourself in a real estate event, be it buying or selling, now is the time. My friend at a brokerage house disagrees with me. She’s sitting tight. However, she’s been sitting tight for the past 12 months. Funny how she’s losing money in the stock market, while local residential real estate continues to appreciate, albeit gradually. It is not appreciating as it once did; however, it is not stagnant.
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Tony Hawkins, ABR
Real Estate Broker / Instructor
Office Direct: (919) 491-7254
tony@tonyhawkinsre.com
Global Realty Marketing
