Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com or on your FREE app Tune In Radio from 9:00am to 10:00 am every Friday.
So last week the station ran an older show to accommodate my not being available.
This week the Real Estate News was a little more abundant than the past several weeks. Good Bye to 3% interest Rates! According to many economists the low rates are gone (evidenced by the sharp rise over the past month). They cite 3 reasons you should act now. First the Federal reserve will soon act to stop bolstering the economy. Second, The economy while not great is actually growing. Finally the unprecedented rates in the 3’s were to low to be sustainable. Homebuyers are clueless about Mortgages. Here is a short quiz so you can test yourself to see what you may not know. Several of survey items cited bothered me. One was that 31% of the respondents thought you needed to put a down payment of 5% or more and 26% thought they had to use the lender that pre-approved them. The most disturbing was that 24% of those surveyed felt that the best deals on a loan were from their personal banks.
Today we are joined by Randi Marmer. Rand is the assistant vice president of community relations at TruMark Financial Credit Union. A seasoned communications and marketing professional, she has more than 25 years of experience in the credit union industry. Under Randi’s leadership, the credit union designed an award-winning financial literacy program offering classroom presentations to high school students on topics such as saving, borrowing, job interviewing techniques, identity theft, and investing. Last year TruMark Financial employees conducted 130 presentations in local schools, reaching more than 3,000 students. Randi developed the Kiss A Pig Financial Literacy Fundraiser. This has become TruMark Financial’s signature event, and as a result, the credit union has awarded more than $50,000 in grants for personal finance resources.
Please join us live at www.wbcb1490.com for the open discussion about Credit Unions and their place in your community. Wouldn’t you rather bank at a place you are a member as opposed to just being another numbered account.
In combination with CBS and WPHT 1210 am we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issue this month. For a FREE subscription please email us.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.