I keep a close watch on the real estate/mortgage activity.
I gather my information from the amount and type of business brought to us by buyers/sellers and lenders first.
Next, I observe what is happening in my husband's real estate activity. He is the broker of The Realty Store.
I read everything I can in industry publications and lastly, the news.
First hand information doesn't lie. It is real, and has relevance to North East Ohio.
This, I pass on to you in my news letter, FaceBook, Twitter, speaking engagements, and of course, this Blog.
What shift do I see?
Refinances are slowing down a bit. The rates are up slightly - just over 5%. It is still a good time to refinance or buy. This could mean that housing prices might be coming down a little.
We are seeing an increase in sales as buyers want to take advantage of this situation.
Most sellers show relief in just getting it sold!
The time to do something about your situation is now - refinance or buy.
Rates seem to be creeping up a little at a time. Don't let time beat out your opportunity!
Email me or give us a call with any comments or questions. We will take the time to talk with you about your situation. rachel@gatewaaytitle.com - 440 546 9660
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