Thursday, December 10, 2020 / by Vyral Marketing
Have yourself a merry little Christmas and a wonderful New Year’s!
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I hope you had a wonderful 2020, all things considered. It’s been a unique year for nearly every one of us (to say the least), but we’re thankful that it’s also been a phenomenal one for the real estate world. In fact, despite all the craziness that unfolded in the world, we managed to do better this year than almost any other year in the past, and for that, we thank you.
Thank you for your business, and thank you for sending over referrals. It’s been an honor to serve your friends, family, colleagues, and fellow community members. We want to wish you and your loved ones a very merry Christmas, joyous holiday season, and prosperous new year. We’re excited for 2021 and the prospect of helping even more buyers and sellers accomplish their real estate goals.
If you’re considering makin. ...
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elite results realty
Wednesday, June 10, 2020 / by Vyral Marketing
Here’s why current mortgages rates hover around 3.5%, not 0.5% or 2.5%.
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Oftentimes, people will wonder why mortgage rates don’t follow suit when the fed funds rate drops significantly—as was the case at the onset of the COVID-19 pandemic and our current recession. The truth is, in today’s market, mortgage rates are not determined by the fed funds rate.
Though not calculated on the fed funds rate, mortgage rates do align closely with the 10-year Treasury yield. If you look at the history of the 10-year Treasury, you’ll notice that that yield tends to be about 2% lower than mortgage rates.
Back in 2007, when we saw the market crashing, mortgage rates were at 6.5% to 7%, and the Treasury yield was at 4.5% to 5%. It took a couple of years for the Fed to step in and start buying Treasury bonds, which caused the rates to go down.
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The 10-year Treasury ! ...
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elite results realty, buying a home, market updates
Monday, April 6, 2020 / by Vyral Marketing
Despite all the economic turbulence caused by the coronavirus, it's been business as usual for real estate.
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How is the coronavirus affecting the real estate market? Sales-wise, it’s been business as usual, and we haven’t seen a drop-off in prices either so far. The same can be said on the mortgage side of things. Part of the government’s $2 trillion-dollar stimulus package involves them buying down rates, which makes now a great time to buy or refinance. ...
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real estate market, elite results realty