Marry the House. Date the Rate.
Interest rates are a bone of contention in the current housing market. They reached historic lows in the past few years and their rise is causing consternation to buyers and sellers alike. For example, a $1M loan at 4.25% has a $4919 per month mortgage payment (principle plus interest). That same loan at 7.25% is […]
In Boulder Colorado Cash Buyers Seize Homes From Loan Buyers
With the dramatic increase in interest rates buyers who obtain a loan now have less purchasing power than they had a few weeks ago. How will that affect the housing market? In Boulder County, Colorado, and especially in Boulder, Colorado, we have seen a preponderance of cash deals. Obviously cash buyers aren’t adversely affected by […]
