Hello, and welcome to Real Estate Reality Radio. The most important half hour of radio every Friday from 9 to 9:30 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 petethemortgageguy.com.
Please join us live on the web at www.wbcb1490.com or on your FREE app Tune In Radio from 9:00am to 9:30 am every Friday.
Last week we were in open forum again talking about what the local real estate landscape really looks like.
This week’s news was mostly about the recent winter beating we are all taking. I can’t speak for everyone but I know I have had enough. The only serious news on the real estate front was an article mentioning that the mortgage rates are moving toward 4% again. The part of the article that brought a smile to my face was that in the past week the rates have moved nine one hundredth of a point. Seriously! That is not a move. However the article was quick to say that sine the first of the year to now the savings on a $200,000 is about $35 per month. A typical loan officer will point out that it equates to a savings of $12,600. I believe if $35 a month makes a big difference in your desire to buy then you probably should not be looking to buy a home or change the price range of your search.
Today we are here to discuss what is next. Where do we go from here?
Please join us live at www.wbcb1490.com for the open discussion about the opportunities that are available to many who may not know they are there. You cannot get the answer to a question you have never asked. We are here to help answer the questions.
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.