Thinking of Buying or Selling?

 by Lupe Pickard, Buyer’s Agent for the Bob Angilella Team

 

Thinking of buying or selling Real Estate in the mountain resorts of Big Bear?  Any time is a great time to buy or sell.

For the individual that likes to enjoy the four seasons.   I always think I have a favorite season but each time a new season comes in I say to myself, “I love this time of the year”. If you are into outdoor activities the Big Bear Lake Community is for you, I myself enjoy mountain biking, skiing, hiking and yes, the beautiful lake.

Regarding real estate in Big Bear, it is time to take advantage of the interest rates before they go up, as a matter of fact, they went up 1/8 of a point yesterday, May 29th, 2013!  Iv’e sold Real Estate in Big Bear for the past 28 years, and I have seen all kinds of interest rates and in the last 18 months, we have had the lowest along with great opportunities, the time is now before prices go up and interest rates rise.  Below is an article from the NY Times published today, May 30th, 2013 regarding interest rates.

According to the New York times today;

NEW YORK — Worries the Federal Reserve may begin to slow its stimulus efforts sent U.S. mortgage rates last week to their highest level in a year, a surge that could be a headwind to the nascent housing recovery should they march much higher.

At the same time, the jump in rates appears to have spurred some prospective buyers to lock in cheaper prices while they can, according to data from the Mortgage Bankers Association released on Wednesday.

The MBA said interest rates on fixed 30-year mortgage rates surged 12 basis points to average 3.90 percent in the week ended May 24. It was the highest level since May of last year and the biggest jump in 14 months.

If mortgages were to get markedly more expensive from their recent record lows, that could price some buyers out of the market and put a dent in a housing comeback still in its early stages. Analysts, however, said rates were unlikely to continue to rise at such a fast pace.

Rates also remain low by historical standards and homes look affordable with prices back at only 2003 levels. Combined with demand from potential homeowners who have been waiting for the housing market to stabilize before buying, the increase in rates could prompt shoppers to jump in over the short-term.

Still, we have the lowest rates in 40 years for the past 5 years.  Even if the rates rose to 4.5%, it still is a great deal.   We are experiencing a surge in sales, do to teh slight increase in rates.   If you are thinking of buying, now would the time!

Please call today or email me direct:  lupesellsbigbear@msn.com 

Yours truly

Lupe Pickard

Buyers agent for Bob Angilella’s Team 

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