January 7th Radio Show: Happy New Years!
January 7th, 2007 . by Mike KellyFriends,
My oh my, Thank Heaven it is 2007!! This is my mantra for the year. 2006 was UNBELIVEABLE!! That blows both ways. Rates are still at historic lows and the paymentment between 5.75% and today’s low rates of 6.125 ain’t that much different. Don’t be one of those who has to have sub 6’s to go forward with your purchase or refinance.
Our sage of Denver, Lou Barnes, thinks the fed is poised to raise the fed rate up .25%. Good economic news is bad for rates but good for us! Or is that reverse? I’ll talk about this more on today’s show. We’re going to have Alicia Hodenfield of Investor’s Trust on the show this morning to give us some guidance on those LOW, LOW teaser and very seductive, Option Adjustables Rate Mortages!! Be careful of these puppies. One guy is now advertising starting rates as low as 1/4%!!! Yes, a quarter of one percent! The negative amortization on that is spectacular and finacially deadly!! She’ll be talking about that and more.
Tune us in and for all your real estate needs, be it a Market Analysis of your property or to buyer in this great “Deal of a market’ give me a shout: 322-8503 or toll free in the nation: 800-959-7244. See you on the Radio!
