"Expect record-low rates to go even lower over the short term....

"Expect record-low rates to go even lower over the short term, say 50% of the industry experts polled this week by Bankrate.com. Another 50% expect no change – and no expert predicts rates will go up.

Sales of new and previously occupied homes fell in June but were higher than the same month last year. Home prices have started to stabilize in many large markets.

And builders are more confident and are putting up more houses than they have in nearly four years.

Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note.

A weaker U.S. economy and uncertainty about how Europe will resolve its debt crisis have led investors to buy more Treasury securities, which are considered safe investments. As demand for Treasurys increase, the yield falls."

** Info from REALTORS Magazine

 

GREAT TIME TO LIST / SALE  !!!

 

CALL US FOR A CONFIDENTIAL MARKET ANALYSIS,

 

Esperanza Franky “espie” Realtor

Member of the Institute for Luxury Home Marketing.

Certified Strategic Marketing Specialist

SellingMiamiEstates team

Prudential Florida Realty

Cellular: 305.283.5868 

Facebook: sellingmiamiestates  

Twitter: @espiefranky

Confidentiality our Commitment....Real Estate our Passion !