Why this is a great time to SELL

There are many reasons to sell now and not wait any longer, and here are some thoughts.

  1. The inventory of available properties is very low, less competition from other sellers add to your bottom line.
  2. Interest rates are changing fast (see latest survey below). Most experts agree that intest are going up once the FEDS make a move.
Weekly national mortgage survey
Results of Bankrate.com's Nov. 30, 2016, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:

                                        30-yr fixed   15-yr fixed    5-yr ARMThis week's rate:              4.13%   3.39%    3.48%
Change from last week:  +0.03    +0.06     +0.04
Monthly payment:          $800.15 $1,170.66 $739.08
Change from last week:  +$2.87     +4.83         +$3.67

For Every $100,000 You Borrow

At the current 30-year fixed rate
Pay $484.94 up from $483.20 last week
At the current 15-year fixed rate
Pay $709.49  up from $706.56 last week
 At the current 5/1 ARM rate
Pay $447.93  up from $445.70 last week.

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