Do you think the fed will lower interest rates again soon?
Answers: They more then likely will, they need to keep the banks from going under. The country really is in a very bad position.
I seriously doubt the lower interest will have any effect on consumers, other then keeping the country from crumbling into a recession.
YES. The fed chairman said this week that they are lowering rates. The question is now how much, 1/4 or 1/2.
However, this may or may not lower mortgage rates.
THe current 30 year fixed rate is at a 2 year low (per the Washington Post, 1/12/08). The current rate is 5.75%.
The lowest that the 30 year EVER went was 5% for a few hours about 3-4 years ago. At it's lowest time, the rate was around 5.5% to 5.75%.
Plus this time we have inflation to worry about!!.
I believe rates are just about where you will see them. Maybe 5.5%, but if you are looking to lock. I would do it soon. Because the news of a drop in rates have already been factored into the current rates. When the fed actually lowers them later this month, it will not effect mortgage rates.
It is likely they will. Fed Chair Bernanke in a speech last week indicated that the Fed was willing and ready to reduce rates again to aid the ailing housing sector.
Room rental at New York?
I will travel to New York ...Please!..I need tips and counsel for rent a room there ...which nouns is better?..is it Manhattan ?...how much is the average price . any information will be very constructive !Answers: If you have to be contained by manhattan, Hell's Kitchen is a good choice. I used K&O realty when I lived within for 6months. FOund me a rental pretty quickly.
We are moving surrounded by April 2008, we want to buy a house?
We are moving to NC we want to buy a house prior to leaving, we will be within in 4 months. Can they use my husbands income information from here for the loan and consequently we get out nearby and live in the house? We do not own another home in a minute. But my husband will not have a brief right away, but our income and job history here will warrant a home loan.Answers: HADES no!!
do not buy a home when u
1 hold no job - bank don't like u.
2 hold not worked at least 1yr near.
3 have not knowledgeable where to or not to live contained by the area
4 do not own money saved for the emergency that will come.
rent so we don't get to drop by and foreclose on u.
Welcome in finance to the great state of North Carolina!
Your plans, as stated, suggest you might have a knotty time obtaining a loan if you / your husband don't hold jobs feint up in mortgage prior to your move. Suggest you speak with a mortgage professional surrounded by the state to find out what your options are.
A guy named David Kanis is the branch coordinator at Ashford Mortgage Advisors (ashfordmortgageadvisors.com) and who also writes the mortgage articles for the Asheville Citizen Times newspaper. His organization is located in Asheville, but regardless of where on earth in NC you are planning to move, I know David would be merry to answer your questions and give you his advice (with no obligation).
If the answer is that you enjoy to rent for a year in command to show lenders a stable work history, don't be discouraged. Unless you are already well acquainted with the town you'll be moving to, it may in actuality be best for you to rent while you get to know the nouns. I know paying rent has its drawbacks, but unless it's a small town, better to money rent than purchase a home in an nouns that's less than wonderful for your new work commute & lifestyle!
If and when you do desire to buy, suggest you educate yourself on how actual estate "works" here by visiting the NC Real Estate Commission's site at www.ncrec.state.nc.us Look below 'publications' for the brochure "Working With Real Estate Agents" and familiarize yourselves beside it thoroughly. Therein you'll learn roughly the various types of representation brokers provide, and will soon realize the benefits of "Buyer Agency." Whenever the time comes for you to purchase your home, you may want to seriously consider have a Buyer's agent represent your best interests throughout the transaction. More info on that topic, other useful Buyer resources and answers to other question you may have can be found at cabinquest.com
Hope to enjoy helped near this info, and best of luck relocating to NC. We look forward to soon calling you a neighbor!! :-)