Interest Rates Jumped While You Were Thinking About It

Picture yourself here.

 

According to Freddie Mac, mortgage rates went up slightly from 4.22% to 4.26% as of today, November 12, 2015. Only up 4/100 of a point from a few weeks ago on a 30 year fixed mortgage. About 9 bucks a month more on a $400,000 note.... $2,616/month

As a Realtor, I often discuss interest rates with 1st time buyers. They also ask "how's the market?" My response is usually, "The market is definitely prime if your appropriately positioned. Just don't wait any longer to get in. Interest rates are on the floor right now." If you're a close friend, I use other adjectives.

I understand that there is fear and hesitation. Buying your first home is a colossal event and takes a great amount of thought. But overthinking it will cost you.

9 bucks. Not a lot of money, but still exciting when I find it in my dryer. Or in last years winter coat. 9 bucks is 9 bucks. Better in my dryer than paying it to the bank.

Here is the thing with interest rates: In the early 1980's, interest rates were over 15%. They were. Google it. Better yet, here is a link. Mortgage Rates 

Same $400,000 note at %15.... $5,704/month.

Did that get your attention?

If you are in a position to buy your first home, do it. The conditions are not going to get any better.

Find yourself a great Realtor. If you're in Los Angeles, call me.

My job is to walk you through the process and provide you with any information and all options available so that you can make an informed decision and a purchase you will feel amazing about.

I'm easy to find:

www.AndyMartinezJr.com


Your Real Estate Agent,

Andy Martinez Jr. 
CalBRE# 01978202
Cell: (310) 597-2089
Keller Williams Realty

Start Building Your Business Plan for 2016 Today!

It is October 2015. WHAT?! Yes. It's fall and the 4th quarter of 2015 has officially commenced. Now is the time to start setting your business goals for the upcoming new year!

I highly recommend Professor William Sahlman of the Harvard Business School text book HOW TO WRITE A GREAT BUSINESS PLAN .

Keep it simple:

Who is involved?
What's the opportunity?
Where does your business fit in today's market?
... and more.

I consider my business plan to be a living thing. I keep it loose with a focus on my mission and mission statement. The mission is the most important component for me. The several ventures that I am currently involved in require me to remain flexible. This helps free up my creativity, and really keeps me from becoming FEARFUL of making strong and important decisions.

The mission also helps take most of the pressure off of me. I do like having the ball in my hands when the clock is ticking, but only if it supports the overall mission. There are times when it is wiser to pass the ball to get the best shot.... THE MISSION!

There are 3 months remaining in 2015.

Start developing your business plan now. It will help boost your efforts to finish the 4th quarter stronger and will build a head of steam at the turn of the new year.

Best of luck.

-Andy

WWW.ANDYMARTINEZJR.COM

If you have health and fitness goals that you would like to set, head over to Rebekah's page for a lot of great resources,