Bronx, NY

Beautiful 2 & 3br Parkchester condos, both completely renovated, low maintenance and affordable price, rounded by many stores, such as Macys, rainbow, payless, children place, baby’s place, Zale’s, Starbucks, Dunkin Donuts. To directly access this property, use this shortcut: http://www.fizber.com/new-york-buy-condo-townhome-co-op-home-11648946.html

Interest Rate will Go up possible to 7%,

Mortgage Rate are being held down by federal government to help stimulate the market, the government was active in purchase of mortgage-backed-securities over the year.

The goal was to control the interest rate, so home buyers can qualify for a mortgage but to end December 31, 2009 which will extend unit march 2010. So the private sector have to step up and provide mortgage , the government was comfortable lending 5% but the private sector will not see that as attractive.

•· National debt rising dramatically

•· Inflation looming down

•· Doesn't make good business sense to lend money for thirty year at five percent.

** New York Times just this past week said this about this issue:

"One of those things propping up the market has been the Federal Reserve, which has been buying mortgage-backed securities to keep interest rates low. As the Fed begins to wind down its purchases in the next few months, rates will become less enticing. Analysts expect them to rise to at least 6 percent from the current 5 percent."

If interest rate go up even by one percentage point, to six percent, as the New York Times suggests analysts are predicting, that will raise the cost of purchasing a home.

Some buyers are sitting on the fence right now, concerned that prices still might fall.In reality, even if prices fall another ten percent, if interest rates rise one percent, the buyer's monthly mortgage payment will actually be higher.

Call me or email me, I can connect you to the top agent your area.

Multiple Locations available

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www.milton4realestate123.com

Milton Johnson

Licensed Associate R.E. Broker
Milton D. Johnson


www.milton4realestate123.com

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Milton D. Johnson
Licensed Associate Real Estate Broker
J.A. Villani Real Corp.
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Rant & Rave: Builders of Tomorrow?

But many years ago and every now and then today, a builder actually has a vision of maximizing light, space and overall beauty of a home in addition to how one room flows to another.

We all have our strengths and weakness. Unfortunately for many builders today, weakness is their strongest attribute.

They call themselves builders because they have the money any can hire people to put together “homes” (using the word loosely). They insult people intelligence with ridiculous prices for tiny homes. I know your all guessing, Hmm, does he like builders. Actually I do some will not buy land that the can not build a decent size house. Of course their motivation is that a larger home is easier to sell. But at least those builders are on the right track

So my advice builder is “build with care, build as if you would live there.”

Then you product would sell easier and agents would find better buyers for you.

Motivated from a Blog by "Home That Leave You Speechless" by Catherine Paris

Milton D. Johnson
Licensed Associate Real Estate Broker
www.milton4realestate123.com
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