“Federal Reserve Signals it Won't Raise Interest Rates This Year”

Federal Reserve Signals it Won't Raise Interest Rates This Year

 

 

 

Really good news for anyone considering purchasing a home in 2019 and even beyond. Also, a great time to do a refinance to consolidate debts.

I just did a new mortgage for Amanda. She was paying $1650 per month for rent. Down payment was an issue, but she wanted to live in a more rural area which meant we could do a USDA loan which required no money down. Her mortgage payment is under $1400. Much better to be paying a mortgage instead of collecting rent slips.

 

I did a refinance for clients a couple of days ago and their mortgage payment was $1773. As part of the refinance we paid off two credit cards that had minimum monthly payments of $900. Their new mortgage payment is $1669. That’s like getting a $12,000 a year pay raise!

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 6 commentsJoe Petrowsky • March 26 2019 12:55PM

Comments

I love hearing about people who were able to decrease their monthly payments. The stable interest rates will help many.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) 22 days ago

Good morning Joe. All renters should examine the alternatives. Many should jump at the opportunity. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 22 days ago

HI Joe Petrowsky - I never rented a day in my life because I weighed the alternatives. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 22 days ago

Good morning, Joe Petrowsky rents are outrageously high and if anyone is capable of obtaining a mortgage, they should be calling Joe Petrowsky for guidance...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 22 days ago

Rents are extremely high here too and there is a lot of flipping going on. As soon as homes are sold, within days they are on the market for rent which I find unusual. 

In reference to your post, I'm glad you always help clients to know their options. 

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) 21 days ago

Morning Joe.

That's good news to our industry.  Hopefully, more buyers will be looking.  Rent around my area is outrageous.

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 21 days ago

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