Joe Knows Mortgages » interest rates

Should I refinance?

Joe Harris — Wed, 18 Aug 2010 18:34:28 +0000

With mortgage interest rates as low as they are, you may be considering a refinance. This short video, while wildly amature, discuses the true costs and benifits of a refinance. Please watch, and give us some feedback on the information. Thank you!

Are you waiting to buy because you think prices are declining?

Joe Harris — Fri, 09 Jul 2010 19:25:45 +0000

Since rates are at the lowest point ever, and we know that they have to go up, assuming that rates will rise, it may not make mathematical since to wait.

Does a 60% annual rate of return sound good to you?

Joe Harris — Mon, 30 Nov 2009 14:11:02 +0000

What if I told you that you could receive a guaranteed rate of return on your money of over 60% per year? Would that interest you at all? Of course it would; you are a rational, financially conscious human being. Well, let me give you a scenario where that is not only true, but highly likely in todayâ€™s mortgage interest rate environment:

Interest rates have only one way to go!

Joe Harris — Wed, 18 Nov 2009 20:55:42 +0000

Let me make a statement, and I hope you truly digest what I am about to say: the interest rates on mortgages here in Brevard County, Florida are about 1/8% off of their lowest levels in history. That means that if you qualify for a mortgage, you could potentially get a better rate on your loan than just about anyone in history. With interest rates and home prices as low as they are, people should be lining up to buy homes. However, these rates have only one way to go, and we are headed there soon.

Lower home prices, but at what costs?

Joe Harris — Thu, 04 Jun 2009 00:26:05 +0000

Everyone Wants a Lower Price, But What About the Impact of Interest Rates? When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It’s important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment …