35 Burst results for "Fixed Rate Mortgage"
Fresh update on "fixed rate mortgage" discussed on Bloomberg Daybreak
"For example with a $250,000 30 year fixed rate mortgage you could get a new low rate under 3% If your current rate is over 3.75% you could lower your payment by over $100 a month saving thousands in interest but you've got to act now because no one knows how long these low rates will last So when you need a simple way to get big savings rocket can Call us today at 8 three three 8 rocket or go to rocket mortgage dot com That's 8 three three 8 rocket or go to rocket mortgage dot com Rock it Refinance offer assumes a rate of 2.99% 3.21% APR 70% loan to value ratio for the cost of 1.75 points $4375 to a closing monthly payment of 1052.66 Texas insurance not included.
Mortgage refinance demand tanks 39% as rates continue to climb
"Cratering as interest rates keep climbing. The Mortgage Bankers Association reports. Applications to refinance existing mortgages are 39% lower. This time last year after falling 4% last week. Big drop comes is the national average interest rate for a 30 year, fixed rate mortgage rose two basis points to 3.28%, the highest since last June. I'm Steve
30-Year Mortgage Rate Tops 3% for First Time Since July
"Mortgage rates are creeping higher mid signs of economic recovery. The interest rate for the benchmark 30 year fixed rate mortgage rising above 3% for the first time since July. Stocks lost ground on Wall
Jumbo and FHA mortgage rates set record lows
"On 806 and record low interest rates driving up mortgage refinance applications. Last week, Reef eyes were up 6% for the week and 88% higher than a year ago. Rates for F H a loans, jumbo loans and 15 year fixed rate mortgages all set record lows. Read for the most popular mortgage. The 30 year fixed rate was essentially unchanged at 3.1% Applications for loans to buy homes were down 1% last week, a 25% higher than this time last year. More
Homebuyer demand may have peaked as mortgage applications eke out a weekly gain
"Homebuyers stopped the four week skid and mortgage applications purchase applications rose a modest 2/10 percent last week and refinance applications gained 3%. I pushed up total application volume 1.7%. The national average interest rate on a 30 year, fixed rate mortgage fell to basis points to an even 3%.
How to Buy in a Hot Housing Market
"I recently got an email from listeners listening about six months or so has listened to well over one hundred episodes of the show. He writes that he's relatively new to investing. He's been investing for three years now, as he graduated from college in two thousand seventeen. He's been saving for his first home purchase in Austin. Texas. He writes the Austin Housing Market is very hot at the moment arguably one of the hottest markets in the country even with the recent effects of covid nineteen. He points out the median sales price in Austin has increased over eleven percent since this time last year, and there are forty five percent fewer homes on the market now versus a year ago he would like to buy a house in early twenty, twenty one. But after seeing the market conditions, he's worried that he might be entering the real estate market at the wrong time. He has heard of stories from realtors in home buyers about individuals and families putting offers of ten to fifteen thousand dollars over the asking price for homes that aren't even on the market yet only to find out, they did not win the bidding war. In short, he continues I'm wondering if you could offer some. Rules of thumb to look for as a first time home buyer in I. Hot Market such as Austin. I'm conflicted because I don't want to buy at the wrong time and potentially lose value in my home only after a few short years however at the same time if this market to continue at this pace for several years to come buying in the near future, I think might be the right move. He points out he's tired of handing over his money to landlords and would like to start building equity in a home to diversify his current return drivers. Austin is not the only hot housing market. There are a number of them in fact, nationally in the US housing is on fire. In August of two, thousand, twenty, there were five point nine million homes sold on a seasonally adjusted annual rate. That's the highest number of home since two thousand six and it's being driven because the average thirty year fixed rate mortgage at the end, of August was two, point, nine, four percent. The median single family home price in the US is up eleven point seven percent in the past year ending August twenty twenty. That's the biggest annual increase in twenty thirteen. Sales of newly built homes are up forty, three percent year over year the highest increase since one, thousand, nine, hundred, two. There have been about one million new homes built in the past year highest level since two, thousand six. The market is being driven because of the low interest rate, which is pushing up the value of all assets. Plus there's a desire for many given covid nineteen to move out of their city, for example, out more into the suburbs or the country. So increased demand and reduced supply because of concern regarding the pandemic. Some. People don't want potential buyers traipsing through their homes. Others don't want to sell because they're not sure they'll be able to find something to buy. The frenzy to purchase homes has pushed up valuations if we look at the value of household real estate. So the total value of houses and condos as a percent of economic output in the US GDP, it's a hundred and fifty eight percent. Total value of all houses divided by GDP is one hundred and fifty eight percent that's up from hundred and forty percent at the beginning of the year the all time high was one, hundred, eighty percent in two, thousand, seven, and the recent low was in two thousand twelve of one hundred, fifteen percent. This is data from Ned Davis Research. The. So the value of the housing stock relative to GDP is approaching that all time high of two, thousand seven, and then if we look at the case Schiller Index, it has appreciated since nineteen fifty-three on a real net of inflation basis of about point seven percent per year. That's the trend line. So we statistically create a trend line again, data from Davis research that trend line increases at point seven percent per year, and then we can see well, how much do current prices differ from that trend line and right now we're fifteen percent above the trendline. In two thousand, six, US home prices were forty percent above the trend line and then by twenty twelve, two, thousand, thirteen, they had fallen two point, nine percent below the trendline.
Average rate on 30-year mortgage tick down to 2.88%
"Rates on long term mortgages edge down slightly this week remaining at historically low levels, Mortgage Buyer, Freddie Mac reported. The average rate on the 30 year home loan fell to 2.88% from 2.9% last week. One year ago, the rate averaged 3.65%. The average rate in a 15 year. Fixed rate mortgage also fell to 2.36%. From 2.4% last week.
Whats Up With Mortgages and Real Estate
"Well, it's been a crazy year pandemic thousands of businesses closed millions of Americans, unemployed. The stock market is still up for the year at least so far your portfolio may not be your only acid or even your biggest asset fact according to Edward Wolff nyu economist. For the bottom eighty percent of Americans in terms of assets. Their number one asset is their home about sixty percent of their net worth is in their house. So, how has residential real estate fair during the virus crisis and how might that change in the future here to help us answer those questions is Jeff Strauss, key senior writer and analyst at Bankrate Jeff welcomed the Motley fool answers. Hey, bro thanks for having me. So let's start with the current state of the house in the housing market. Let's get to the numbers. How have prices been holding out during the recession was surprisingly really well, prices are still going up and I. Think I like a lot of people that fill victim to the whole recency bias flaw. That the last time we had a recession home prices just absolutely collapsed. We had fifty percent drops and values in many parts of the country and so back in March when we started going into recession again I think I know a lot weather's thought. Oh, here we go. Again in terms of home prices and that really hasn't happened home prices have held up home sales are down but if you were people have put their houses on the market and so the supply and demand curve has just shifted. So we've got basically more buyers than there are houses for sale. So we're seeing a lot of bidding wars I keep hearing these tales of a nondescript. House getting thirty and forty, and even fifty bids over a weekend. So home prices have held up surprisingly well, they're still going up part of that is because we've got record low mortgage rates and people have more buying power and then part of it also is just that the pandemic has really changed. Qui Bowls thinking about housing I mean if you're going to work earned, your kids are going to school in your house very much. You can make do with less space but now the that were crammed into to one space and people are working from home and taking classes from home it's You suddenly start to think, Hey, I could use a bigger house. You got a couple of interesting points that I. Let's start with mortgage rates. Crazy low. Thirty year mortgage thirty year fixed is around three percent little bit above little bit below dependent where you look. Fifteen year bit below that. One interesting thing I've noticed though is normally the adjustable rate mortgages are the lowest. But from what I've seen there at the same as a thirty year fixed or even a little higher what's going on with fat? Yeah. That is a weird situation and it's funny that you mentioned arms because it seems like nobody really pays much attention to arms anymore with with fixed rate mortgages being so low for. So long at as you said, they're in the the three percent range or even below for thirty year fixed but they've they haven't been much above that the past decade I am I think they briefly spiked up to around five percent but. When fixed rate mortgages are so low it's in they've stayed consistently low. People just sort of You know lose interest in arms. So it's that's part of it. Part of it is a just that there. There aren't as many lenders offering arms, and so there's there's less. Less apply less widely available so that that probably has something to do some of it also is that the without geeking out here too much but the rates were were based on Libor the London interbank offered rate for a long time in libraries going away at a new indexes coming in so that that might have something to do with it. and then in in times of economic uncertainty, we we do see this this pattern where arms suddenly get more expensive than fixed rate mortgages but you know it's intriguing. I talked to a lot of consumers a lot of. Lending officers lot at mortgage brokers. Nobody's talking about arms they're all talking about. The thirty year fixed and they're they're talking about how many points should you pay? Should you do a thirty or fifteen ten? What's? What are the advantages of different types of of fixed rate mortgages and? That just seems like an arms have been sort of forgotten. They were hot thing fifteen years ago but I almost never hear anyone recommending God's
"fixed rate mortgage" Discussed on KIRO Radio 97.3 FM
"30 year fixed rate mortgage is 3.99%. A p R, 4.23% calls today at 800 Quicken or go to rocket mortgage dot com Rate. Something to change A 2% Peter. See, this is kind of Call for cost information conditions. Equal housing under listens in all 50 states and in a less number 30 30 Dave rawness on Seattle's morning new had another great commute this morning pulled out of the bedroom right on time. Did you have any sunshine? Slow down? Get into the kitchen with a morning 69 took the off ramp to the kitchen, and there was some construction going on in the patio. But I navigated that detour, okay? And and I now have free parking here in the playroom. This is great on Cairo radio streaming live on your smart speaking. Colleen is in the studio and having a great time there. Yes. How could you tell Kenai Rof em Tacoma. See Alison at home on your smart speaker for of a Cairo radio and little that I know. When I joined Kaiser Permanente that it would be on my top 10 list for what has made this year. Agree. I can see my position. I could be referred to the lab. I can then be referred to the pharmacy on the same building. You've got it all. I mean, it's it's quality of care. It's compassion of care. It's convenience care, Mr. Every medical cases unique. Kaiser Foundation of Analytic States to 11 East Jefferson Street Ruffle Maryland 20852 K I r O f m to coma. CIA. It's Jamie Progresses, Employee of the month, two months in a row, lead a message. Hi, Jamie. It's me, Jamie. I just had a new idea for our song. But the name your price tool. So when it's like, tell us what you want to pay me. A trombone goes, blah, blah, blah. And you say we'll be fine Carthage options to fit your budget. Then we just all do. Finger snaps will acquire goes statement coming at your savings coming out job. Yes. No. Maybe Anyway, See.
US mortgage rates fall; 30-year at all-time low of 3.13%
"Long term mortgage rates took another slight tip up this week with benchmark thirty year fixed rate mortgages at their new low of three point one three percent from three to one percent a year all you we could go to lowest level since mortgage buyer Freddie Mac began keeping track in nineteen seventy one a year ago the rate was at three point eight four percent the average fifteen year mortgage fell to two point five eight percent last week stocks after moving between small gains and losses end of the session mixed the Dow was down thirty nine points today the nasdaq up thirty two points yes and P. closed up a fraction
US long-term mortgage rates mostly steady; 30-year at 3.21%
"On term U. S. mortgage rates were mostly steady this week continuing the hovered near all time lows mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark thirty year home loan edged up to three point two one percent from three point one eight percent last week a year ago the rate stood at three point eight two percent the average rate on a fifteen year fixed rate mortgage was unchanged at two point six
Pending homes sales rebound in November
"The national association of realtors says it's pending home sales index rose one point two percent last month the trade association adds that contract signing measured year over year up almost seven and a half percent a big reason for the increase continues to be mortgage rates that are falling sharply in the past year Freddie Mac said last week that the average rate for a thirty year fixed rate mortgage is three point seven four percent surely a blur Washington
"Card debt or put some money towards that new bathroom or kitchen you've always wanted the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point one eight percent that's right three point nine nine percent APR four point one eight percent while we can't predict what will happen in the future we do know that rates have dropped and now is the time to save money on your
"fixed rate mortgage" Discussed on AP News
"Fixed rate mortgage is three point nine nine percent APR four point zero eight percent call us today at eight hundred quicken or go to rocket mortgage dot com rates of exchange at one point two five percent the receive the discount rate all the confirmation intelligence because like license in all fifty states and what number thirty three okay by defining those who died in the back of the container truck in the U. K. has come to an end A. P. isn't Charles though does more reports British police say they've formally Aidid all thirty nine of the Vietnamese Victor still sources have been working with the Vietnamese police on the British coroner to identify the bodies but have not notified the victims families in the apparent people smuggling tragedy assistant chief constable Tim Smith says it's named inspecting the probe and enables please to work with the Vietnamese colleagues to support the families of those victims DNA samples have been taken from families in Vietnam who suspected that missing relatives may have been on that truck Charles to live as well French actress Catherine Deneuve has had a mild stroke while filming her latest movie the seventy six year old and nerves suffered a very limited and therefore reversible stroke according to a statement released by the family dinner was hospitalized in Paris but the family didn't say which hospital no details were given on when she had the stroke the French media reported that it happened late Tuesday or early Wednesday do nervous been filming disowned evil or in one's lifetime the story of a mother who loses his son to cancer with her long blonde hair heavy eye lids and soldiers to Oscar nominated dinner first came to prominence in Jack Danny's and nineteen sixty four musical the umbrellas of ship Aug it was arguably her prize winning ten in the nineteen sixty seven film Belle DU jour for which she may be best remembered an escape tunnel underneath the Berlin Wall has been open to the public for the first time during celebrations of the thirtieth anniversary of the opening of east Germany's border it's only been hours stress in the main wall memorial was opened by man Michael Miller he thank those who started digging the hundred yards long tunnel in late nineteen seventy nine years after communist East Germany sealed its border the tunnel was built by a group of people who escaped earlier to West Berlin the original totally so narrow that the man who built it could only crawl through it it led from the basement of a corner building on the western side of the wall to another building on the eastern side the transcript of testimony by George can't senior state department official to the house committees involved in the impeachment enquiring has been released a B. soccer Madani with more destinations by the end Clinton those are the key words George can't says the president wanted Ukraine's leader to say into a microphone can told impeachment investigators that's his understanding based on conversations with others in the administration Clinton was shorthand for the twenty sixteen election a reference to the president's view that Ukraine interfered in the race Kendall be among three state department officials testifying publicly next week along with another diplomat who testified the president held up military aid to Ukraine in a bid to force it to investigate Democrats Sager mag Donnie Washington former national security adviser John Bolton didn't show after being asked for an interview today California Democrat Eric Swalwell says they don't have time to try to force Bolton to testify not gonna chase ambassador Bolton into court we're not going to you know follow a rope a dope strategy where we have to wait months or even years ago have people coming open hearings begin next Wednesday former New York City mayor Michael.
"fixed rate mortgage" Discussed on KIIS 102.7
"Thirty year fixed rate mortgage the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point zero eight percent call us today at eight hundred quicken or go to rocket mortgage dot com rates of exchange a one point two five percent the receive a discount rate cut across information intelligence because like license in all fifty states and with over thirty thirty today Ryan Seacrest is your bills for a year Caroline for two don't care like fourteen also reach us call back in thirty minutes or less bills paid for a year not you Brian's got another name next hour the music this is the case with danger we'll deliver your groceries in as little as an hour for you can choose to pick up your order at select locations the time to shop online sixty minutes of nonstop kiss music starts now.
Pending Home Sales Reached a 21-Month High in September
"The national association of realtors says it's pending home sales index rose one and a half percent from August to September the highest level since December twenty seventeen lower interest rates are the main reason for the up tech according to Freddie Mac the average interest rate on a thirty year fixed rate mortgages three point seven five that's down almost a full percentage point from November of last year still economists say searching home prices could slow sales once mortgage rates stabilize showing up there
The HOusing Market Is Still Benefitting From Lower Morgage Rates
"More Americans signed contracts to buy homes in September a sign that the housing market is still benefiting from lower mortgage rates AP correspondent Shelley Adler reports the national association of realtors says it's pending home sales index rose one and a half percent from August to September the highest level since December twenty seventeen lower interest rates are the main reason for the up tech according to Freddie Mac the average interest rate on a thirty year fixed rate mortgages three point seven five that's down almost a full percentage point from November of last year still economists say searching home prices could slow sales once mortgage rates stabilize showing up there
"fixed rate mortgage" Discussed on 106.1 FM WTKK
"Fixed rate mortgage is four point one two five percent APR four point two two percent call us today at eight hundred quicken or go to rocket mortgage dot com rates of exchange between eight percent the receiver to kind of recover because information into. because when it wasn't enough to six and one hundred. Bundrage Dennison hurricane Dorian remains offshore but its effects are being felt along the southeast fox's Rachel Sutherland is in myrtle beach South Carolina this is a close encounter with Dorian sidewall now hugging the myrtle beach coast bringing howling wind. the worry the downing tree limbs and power lines from here the storm will track toward North Carolina is very island dreams I wall is fast approaching the North Carolina coast acting customs and border protection director mark Morgan defending president trump's diversion of more than three and a half billion dollars in defense department funds to build border walls I have full confidence in the secretary of defense that he is not going to take money that's going to impact his ability to safeguard the NASA secure this country Democrats say the president's move is unconstitutional and weakens the national defense. okay is listening to fox news. connected continues with one oh six one F. M. talk Turkey Dorian is maintaining its track as it goes back and forth it's a cat two and three and strength it's expected to move over or near the North Carolina coast tonight into tomorrow dumping up to fifteen inches of rain with forty seven foot storm surge its outer bands already impacting the triangle two to four inches of rain could fall with wind gusts up to forty miles an hour Dorian also spawning tornadoes including one that heavily damaged an emerald Isle trailer park nobody hurt wake county schools have decided to close tomorrow joining schools in Cumberland edge come Johnston Nash Rocky Mount Robison and Wayne counties Durham in Chatham schools will open on a two hour delay more than fifty students evacuated from the U. N. C. Wilmington campus are staying at UNC Greensboro with continuing news updates I'm rob Stadler. tropical storm warning continues mainly tonight and early Friday for the area flash flood watch till two PM Saturday worst of the weather overnight into Friday gust to forty heavy rainfall one to two inches sustained winds twenty to thirty tonight's load your seventy rain and wind Friday highs in the low eighties wind gusts up to thirty five miles an hour I'm meteorologist parts of it from the weather channel on one oh six one of him talk. next news in thirty minutes follow us on social media go to one oh six one F. M. talk dot com to connect how long I'll be able to move one of the most stressful things about selling your home is feeling out of control hi this is mark Spain and I'm telling you you can be in control with a guaranteed offer from mark Spain real estate you can move fast bypass the market and sell your home hassle free no showings no open houses no stress choose one you want to move in close in as little as twenty one days heather got a guaranteed offer from us in less than twenty four hours mark's been realistic delivers on what they say when I read online is exactly what I experienced great service from start to finish marksman and his team were very professional they communicated with me they made us feel comfortable mark Spain took care of business my home was under contract in one day I saw the Wall Street journal they're the number one ranked team in the country and it's easy to see why the guaranteed over keeps you in control no showings no open houses no stress go to mark Spain not com slash guaranteed offer and start.
Congress, China And Thirty Year discussed on Michael Medved
"Last time when we started zero interest rates remember what has to be done if you're gonna drop raged as zero the federal reserve what they called a short term fed rate as opposed to the long term treasury rate we have two different rates in this country the long term treasury rate that rate affects your fifteen year thirty year mortgage rate that determines how much you're going to pay for a fifty year thirty year fixed rate mortgage it also determines how much the Congress has to pay China in interest rates on the money that we bar we borrow four with a fake four hundred billion a year in interest on our national debt that's right we borrow four hundred billion to pay our interests we imagine this we borrowed money to pay our interests for god sakes so the rates the long term fed rate that's what they control now the problem is now you have the fed short term rate dash the rage that the federal reserve that's what they charge the banks to loan the money and then the banks loan you now that fed short term
"fixed rate mortgage" Discussed on AP News
"Thirty year fixed rate mortgage is four point one two five percent APR four point two two percent call us today at eight hundred quicken or go to rocket mortgage dot com rates of exchange between eight percent the receiver to kind of recover because information intelligence because when it wasn't enough to states and one hundred thirty three a dead zone in the Chesapeake Bay in Maryland where algae blooms are sucking all the oxygen out of the water of been growing this summer AP correspondent Ben Thomas reports data from Maryland's natural resources department shows the dead zone in the Chesapeake Bay had grown to two cubic miles by late July that's about fifty percent larger than the average July dead zone over the past thirty five years the worst section includes the lower Potomac and Patuxent rivers and much of the bay from Baltimore to the mouth of the York river environmental scientists at the university of Maryland say heavy summer rains have washed waste water and agricultural run off into the bay producing the oxygen stealing allergy they warn it could harm the state seafood industry particularly crabs and oysters I'm Ben Thomas comedians bobcat Goldthwait and Dana Gould were in a car crash on their way to perform at an Atlanta theater it happened just outside relapse comedy theater Atlanta police say the comedians driver failed to yield when turning left and he struck another car the driver was given a ticket for driving on a suspended license the comedians were taken to Grady hospital with minor injuries and the other driver declined treatment the Atlanta journal constitution reported that tickets to the Thursday night performance of the show with two heads were refunded gold is known for his seven year stint as a writer on the Simpson's Goldthwait has been in comedy for decades a lot of fans know him as officers that big long in the police academy movies north and South Korea will unify by twenty forty five that's according to south Korean president moon jae in whose pledge till solidify the foundation for hosting the joint twenty thirty two Seoul Pyongyang Olympics he made the remarks in a televised speech at a commemoration marking the seventy fourth anniversary of south Korea's liberation from Japanese colonial rule he also said the momentum for dialogue with North Korea remains alive despite the series of actions taken by the north recently he called for Pyongyang to choose economic prosperity over its nuclear program AT radio news I met Donahue Democrats in the house Judiciary Committee say they're cutting their summer break short returning September fourth to consider gun violence bill follows the deadly mass shootings in Ohio and Texas Michigan congresswoman Rasheeda to leaves is saying no to Israel she's being allowed to visit on.
"fixed rate mortgage" Discussed on 106.1 FM WTKK
"Is with us in Salt Lake City welcome to the Dave Ramsey show thanks for taking my call the honor to speak with you you too Sir what's up my wife and I are debt free except for a mortgage this month and my mind is started moving to thinking about other things in our finances the the question that I have on my mind at this point is we have a thirty year fixed rate mortgage but I we took the mortgage out before we started following the the Dave Ramsey program and it's an FHA loan and we're spending about two hundred or so dollars a month on the mortgage insurance premium right and and so the interest rate three and a half okay on what's your long at two oh four okay what's your household income one twenty okay so if you lean on this mortgage how fast you think you're gonna pay it off not not if you don't refinance it just yourself okay two oh four out of one twenty I'm just gonna beat on this thing I'm going to be done in five years you know probably longer than that we've got to have five kids in number six is on the way so yeah I we're we're we're super excited okay so what what is your what's your projection on paying off your home well my thought was to refinance into a fifteen year to get rid of that two hundred dollar now I know what I mean that's not what I'm asking I'm asking making a hundred and twenty thousand with the six cat on the way how fast do you pay off to for regardless of interest rate probably like a seven year seven to ten years is a ten years on the twenty thousand a year okay that be easy okay okay so seven years would be thirty thousand a year okay right I'm just doing division right here yeah no right you're you're exactly right I haven't I haven't done it in that in those you know basic math well the reason I'm doing that is it is if you're going to pay this thing off in five years you're probably not going to benefit a whole lot by refinancing okay you might the two hundred dollars a month is killing you but your interest rate is competitive and if you take a more a mortgage and pay extra on it it pays off you know in that amount of time so you don't in order to convert it from a thirty to a fifteen you don't have to re finance the only reason re finance would be getting rid of the PMI and saving on your interest if you were to put this on a fifteen year fixed you probably could get about a three percent today so you might save a half a point there which is about a thousand dollars a year and you're gonna save about twenty four hundred a year on get rid of the PMR high so that's about thirty four hundred Bucks a year for three years our our for five years I'm sorry is fifteen thousand Bucks okay and it'll probably cost you probably cost you four grand re finance so this discussion is probably going to save you about ten grand if you pay off your house in five years okay it's it's okay to re financing if you can get a three percent fixed rate fifteen year minimal closing costs are right but but I think the big thing is is just to go ahead and let let's you don't have to stay on gazelle intensity and live on beans and rice rice and beans Warwickshire at baby steps for five six which is where you are you have emergency fund in place when fifteen percent aside for retirement we're starting gets college and we're gonna beat on the house and I think your house is five to seven years from being done I think that's what you're gonna front because the other very but we haven't even built into this is I suspect five years from today you'll be making more money than you make now would you yes the help though yeah so I mean that would be normal and so you know that's not even in this equation site so somewhere in that five to seven year range is probably where you're going to pay this thing off so if it takes you four years to break even on your closing costs with your PMI in interest rates savings well it's not don't bother doing you know they work right but I thought I think I think it's gonna make you you know three thousand four thousand Bucks a year and it's probably only about a four or five thousand dollar re finance call so you're probably do need to do the refinance but also then let's go ahead with the without the gas pedal pushed all the way to the floor but still have our foot on the gas have an intentional plan of when we're going to have this house paid off okay again I'm not gonna sell intensity beans and rice but just paying attention right and don't don't just assume a fifteen year now let's let's assume a seven or a fiver you know divide to tan and what were we going to put into it in our two hundred thousand we don't put into it so good call ma'am you're going to be there way to go very very well done Kyle was weather's Kyle is in Kentucky hi Carl how are you Dave listen for about twenty years this is the first time I've ever had to call thanks for calling how can I help our grandmothers ninety years old she she was on her own most of the time she does have some assistance from family we've got it because in the we have caught on video he has stole medications household items food laundry Adams he's also got into forging checks in her name which is now totaled into the thousands of dollars no warrant for his arrest he's a thief wait way of justice all the.
"fixed rate mortgage" Discussed on KOA 850 AM
"Year fixed rate mortgage is four point three seven five percent APR four point six five percent call us today at eight hundred quicken or go to rocket mortgage dot com resurgence a two point three percent see this is gonna break off across information and conditions will have a license in all fifty states and one hundred thirty thirty verse had flotation devices they didn't have the helmets several were lacking shoes incident occurred near a sign that read no tubing blade Gardner started his five hundred mile trek from Denver to Durango today Blake wants to raise awareness and funds to find a cure for Alzheimer's well it's for a good cause he says the truck will be tough really looking forward to it it's a wonderful trail much of its above tree line Sir gonna have a lot of great views along with that they've had a lot of snow this past year or so it's going to be a challenging trip as well we like to help Blake you can call the local Alzheimer's association office at three oh three eight one three one six six nine in less than three weeks the Broncos kick off training camp first preseason game less than a month away manual Sanders sinks a team can get back to when they were well respected you know I feel like with Vic Fangio come in in in the defense we're gonna have we're gonna be days on defense and it is our job and my job will office to get these clicking and get things rolling Sanders ended last season on the injured list it has returned for week one is realistic but not certain Rockies were shut down last night in Arizona to to pitch in line down the right field line that is going to be a fair ball in cities it's going to school at least one for nothing your resume the snakes would add four more as.
"fixed rate mortgage" Discussed on How to Money
"And because I got an accident someone inevitably says to me, this is what insurance is for. Well, I end up paying for it anyways, my rates get increased, and I've actually been dropped from my insurance because of the amount that they've had to pay for work for me. My question is what happens if I decline the work that's needed from an accident that I get in, if I decline that work in my mind, should not have my rates. Incr-. As much but I don't know if that's necessarily accurate. I'm interested in what you guys have the same jeers Donnie, man. Thanks for your question. I'm so sorry to hear that insurance knowing when to use it. And then the cascading effects of using it can be a painful, learning experience. It sounds like you're kind of going through that right now. And Matt on an earlier episode. You kind of documented to how in college you used your insurance too much, and it can have catastrophic effects on kind of the premium that you have to pay for that insurance. Right. Yeah. That's so true. Donna, I'm with you, man. This is a lesson that I learned the hard way as well. When I was in high school and college where I over my insurance not knowing that, that was going to turn around and bite me in the butt, and have my rates skyrocket, the Donnie, let's go ahead and get your question, regardless, if you accept the check or the work that needs to be done to your car. Or if you try to decline, it's an accident report was filed in that will hit your clue report. This is what insures base your rates on again. We mentioned this in a preview. Episode about ways to keep your insurance down. I'm sure you heard that. But once that accident report basically hit your clue report, the damage is done. And that's what insurance are going to be looking at when it comes time to renew your insurance. But for those out there who have not seen the clue report, we'll put that Lincoln our show notes to where you can go on for free once a year and take a look at your clue report. And that is instrumental in, how rates are set. And so let's talk about the ways to get your rates back down in the future. So the only way really to keep your insurance rates from going up is if you're insured, never finds out about an accident that you're involved in and that's we're not talking about hit and run. Right. Right. Right. Well, yeah, exactly. Right. We don't want that to be the case. But your insurer is pretty much going to find out about almost any accident that you're in where the police are involved. So if there is a police report filed even if no insurance claim is made based on that accident. Well, that's still goes under clue report and influences the rates that you're gonna pay in the same way that getting. Speeding ticket would go on your report, as well. And influence, your rates the only way in which getting in an accident isn't going to make your rates go up is if you're in an accident completely by yourself. Like, let's say you hit a deer done that twice. And let's say it was a thousand dollars worth of damage to your car. Well, it stinks to hit it here. It's no fun. But if you've got a thousand dollars, you can pay that out of pocket. The insurance company can be completely left out of that. And by handling it completely on your own. You avoid having an accident made known to your insurance company, which means your rates won't change because of it. That's right. There's no police report to be filed, and there's no work that you have to decline from the insurance. So let's talk about ways that you can get your rates back down. We talk about this all the time, but make sure that you are shopping around, if you've been with a carrier for more than a couple years, chances, are you are overpaying. So make sure you do that. That's going to be the first step next consideration your deductible, but make sure that you have enough money in your emergency fund. Like we talked about, at the beginning of this episode, you want to make sure you had that money set aside to cover that higher deductible. And this will also help prevent you for making a claim unless you are in a more major accident truly using your insurance for something that. You need it for something a little more catastrophic. Yeah. In some insurers, specialize in insuring different kinds of people. And honestly, there are insures that do a better job at keeping costs down for individuals that have filed claims and so make sure shopping around now, but also make sure that as you distance yourself from some of these insurance claims you shop around again, because you could find that you're able to get much lower rates with the different insure two or three years from now some of those claims drop off of your clue report. Yeah. And you'll see those drop off every seven years. So they last on your report for that long before they start falling off that back end. But some insurers really only look at the past two years, or three years of moving violations, and traffic accidents. It just depends on the specific company. And so that's why shopping around make such a big difference. Donnie, we hope that helps to answer your question. And again. Yeah, it's to be in car wrecks, and hopefully, you'll have less of those in the future. I don't know why. But I really want to say you're out of your element Donny. I love the big lebowski lebowski so good Don if we were we were hanging out right now, I would say that to you. But you know what I'm gonna refrain I'm gonna refrain. But on that note JOL we can go ahead and take it back to the beer on this episode we had killer grove by talisman brewing company. And this one was donated to the show by Andy on Utah jolt. What are your thoughts made? It was light. It was weedy. It was juicy had some nice like blood orange zest coming through. I thought it was kind of a perfect summer beer, because it has been hot as all get out around these parts, Matt in anything. That's light in refreshing. Much appreciated right now. So, yeah, big thanks to Andy, I in and that when our way yeah. Joel, this reminds me of how much I love wheat beers like the more I drink than the more I have, especially when they have different interesting flavors like this going on. I really like them obviously love our as our big Stoute's, but weeds might be pulling in third. There might be a new favorite style of mine. This one in particular I was surprised at how much tartness there was going on. I was kind of expecting a more sort of standard wheat beer, but like you said those zesty notes that, that orange brought really brought some brightness to the beer and these sort of tartness that it had made it really fun drink. So I really enjoyed this one that one was really good art. So if you want show notes for this episode some links to some of the things we mentioned like getting your clue report for free, which will help you see what insurers actually know about you, which influences the kind of rates that you're seeing while you can check that out on our website, how to money dot com and as always, we hope that you enjoy. This and that you found it helpful if you did we would love for you to leave a review over at apple podcasts ahead over there. And we would like to hear your kind words, my voice guy kinda hi there. Joel. I think that's going to be it for this upset man. Yeah. By the way, if people feel like there's something we could do better than go to money dot com slash do better. And they can drop us a line there. Right. That's right. We always love hearing constructive criticism because you know what? We're not perfect. We try to do better. Exactly always. Yeah. So Matt until next time so next time best friends out runs out. It was a writing camp at a house in the Hamptons for beyond say, she's walking around with her baby walking from room to room, just listening to what we're working on remember Hurrell showed up at the front door. Cd Fulla beats everybody was slinging beats at her. When I remember I getting the end of the course a hill goes here like it needs another section like the anthem stadium like everybody screams it. Record it into my phone when I was running like, I'm sitting here panting into the phone, and that was that was it. And she was like, Kratz. You have Beyonce's single. What, what an interesting day that was, I'm Dave Stewart songwriter producer, co founder of thinks and co create an executive producer of some land show all about the intimate and mysterious author of sowing. Join us for sung lands podcast on iheartradio alert heavy again you podcast..
"fixed rate mortgage" Discussed on WJR 760
"Get a fixed rate mortgage, first few as ten years fifteen years twenty years, twenty five years, some lenders leaving let you choose whatever term you'd like when you go in and get your mortgage originated as well. You can also generally make any fixed rate mortgage anytime you like simply by prepaying it on a regular basis and trysts thing. Another myth, ready to be busted arms or adjustable rate loans are risky, because after a while their interest rates, and your monthly payments can skyrocket. While it's true that rates could increase in the future. But arms. Typically have caps that limit how much increase will come along and disturb your monthly budget. And of course, it's equally as troll that rates could go down in the future. I mean nobody really knows for sure. And lots of folks to took out arms, especially five one arms or seven one arms toward the end, and last housing boom, actually found when their rate came due to adjust interest rates for lower, and we're lower in subsequent years to come. In fact, some of these folks have only started a seat and their rates increasing on their arms in the last year or so, so you can have a tremendous fixed rate periods. Save yourself a bundle of money and the future may benefit you rather than hurt you interesting. So Keith, we still have quite a few mortgage, myths to bust up. Can you join us again in the next hour of real estate today? Absolutely awesome. Thank you, Keith, Keith. Gumming, our vice president at H S, H dot com. The nation's leading source of consumer. Mortgage and finance.
"fixed rate mortgage" Discussed on 760 KFMB Radio
"Fixed rate mortgage, I ten years fifteen years twenty years, twenty five years, some lenders leaving let you choose whatever term you'd like when you go in and get your mortgage originated as well. You can also generally make any fixed rate mortgage anytime you like simply by pre paying it on a regular basis and Tristan another myth, ready to be busted arms or adjustable rate loans are risky because after a while their interest rates and your monthly payments can skyrocket while it's true that rates could increase in the future. But arms typically have caps limit how much an increase will come along and disturb your monthly budget. And of course, it's equally is troll. That rates could go down in the future. I mean nobody really knows for sure. And lots of folks to took out arms, especially five one arms or seven one arms toward the end of the last housing. Boom actually found when their rate came due to. Adjust interest rates for lower and lower in subsequent years to come. In fact, some of these folks have only started to see their rates increasing on their arms in the last year or so, so you can have a tremendous fixed rate periods. Save yourself a bundle of money and the future may benefit you rather than hurt you interesting. So Keith, we still have quite a few mortgage, myths to bust up. Can you join us again in the next hour of real estate today? Absolutely awesome. Thank you, Keith, Keith. Gumming, our vice president at H, S h dot com. The nation's leading source of consumer mortgage and finance information..
Freddie, Three Five Percent And Thirty Year discussed on Bloomberg Daybreak
"And a new bankrate survey shows the majority of millennials who bought homes recently have buyer's remorse says they struggle to pay for upkeep. But falling mortgage rates and rising wages could boost demand. Again, a thirty year fixed rate mortgage is hovering at a relatively low four point three five percent right now. According to Freddie,
"fixed rate mortgage" Discussed on Talk 650 KSTE
"Well, if they're on the Dave Ramsey plan v twenty years later, they will have paid off their fifteen year fixed rate mortgage usually in about ten years. And so it's been paid off for a good decade. The kids who were three and five or now twenty three and twenty five they are grown and through college or should be. Statistically. Would graduate from college and four years that'd be twenty two years old for those of you that know how that works? Okay. So you're fifty three your kids are grown through college and out of the house. Your house is paid for. Oh, you've been investing like I teach over all these years. Fifteen percent of your income until your house was paid off. And then you've invested even more into good growth, stock mutual funds and your 4._0._1._K's and Roth IRA's, and so you've got seven or eight hundred thousand dollars a mutual funds. All right now, there's no kids at home. There's no mortgage. And they're seven hundred thousand dollars in your 4._0._1._K's, if he dies, you're okay with no life insurance, if she dies. He's okay with no life insurance. They have become self insured by getting out of debt and building wealth and raising their kids to leave. Comeback only with grandkids for visits. That's the plan. We want the inmates to escape the asylum. That's the goal fly and be free little eaglets. And so that's the plan..
Well, this is new: Price cuts on Bay Area homes are surging
"You're listening to the spoken edition of the San Francisco Chronicle. Well, this is new price cuts on bay area homes are surging by Kathleen Pender. They're not exactly doorbuster deals, but bay area home sellers are cutting their asking prices at the highest rating years October is typically a big month for price reductions as sellers try to close deals before the market slows way down between thanksgiving and early February. But the number and percentage of homes with a price cut surge last month to their highest level for the month of October since at least twenty twelve in the bay area and twenty eleven statewide the jump in price cuts, which hit every bay area county is another side that after years of stratospheric increases prices are leveling off and buyers gaining a little more power in what had been a strong sellers market price cuts are a leading indicator because they're reflected immediately said Patrick Carlisle, the chief Mark. Analyst with a compass real estate brokerage although bay area home prices are still going up on a yearly basis home sales median prices and days on the market are considered lagging indicators because it can take a month or longer for deals to close in San Francisco. The number of homes with a price cut in October nearly doubled to two hundred thirty eight from one hundred twenty four last October, according to data from real tour dot com that's nothing compared to Santa Clara county where the number of price cuts rose to eight hundred eighteen last month more than six times last year's number Santa Clara county had been one of the nation's hottest markets this year and the bay area's price appreciation leader until September. Clearly, there's a market shift said rich Bennett, a zephyr agent in San Francisco, he just cut the price on an eighteen hundred thirty two square foot Victorian condo in popular Hayes valley by one hundred thousand dollars. He listed the. Page street home in mid October at just under one point seven million, which was realistic considering it has three bedrooms parking and a laundry porch and is quote, absolutely adorable. He said, but the buyers didn't come in October. We saw more inventory come on the market the economics of the bay area haven't really changed and it said, but if you don't have people beating down your door after two to three weeks, it's time to consider a price change. He has another listing right around the corner, a one bedroom single family home on lily street that he listed two weeks ago at one point one two five million dollars within a week. It had a preemptive author and the sale is now pending single family homes are still a hot commodity in San Francisco. Another condo just down page street from his listing. Also had a one hundred thousand dollar price cut it sold in February for about one point four million and went on the market again at one point. Three nine five million in early October. Now, it's listed at one point two nine five million below its last sales price. That's a good indication of how the market has shifted Bennett said even Palo Alto famous for its multi-million dollar tear downs is seeing price. Reductions Remax realtor. Karen, FANG said she listed a house near Stanford University on a one and a half acre lot with a ton of deferred maintenance for four point one million dollars in mid August since then the average rate on a thirty year fixed rate mortgage has risen from three point five percent who almost four percent the cost of building materials, which the home would need has also gone up after reducing the price to three point five million the Palo Alto property closed October thirtieth for three point eighteen million. Nearly a million dollars less than the original price in San Mateo. Dennis Pantano of Pantano properties. Just sold a house on Texas. Way for one point six million dollars after four price cuts. He listed the nineteen hundred ninety square foot house for about one point seventy five million in mid June. But within ten days the number of listings in San Mateo around that price jumped to nine from two had he listed it in may, it would have had lots of offers. He said it's an illustration that not every house sales at full price or over buyers. Meanwhile, sometimes have to be convinced that a price reduction doesn't mean there's something wrong with the house said Paul kitchen, a compass agent in San Francisco, there are a couple of places that came on the market that were seemingly reasonably priced. He said, but buyers expect to pay ten to fifteen percent over asking we say, let's put in an offer at asking we have to convince them. There's nothing wrong with the property kitchen has a client who offered the asking price on a home that had a price reduction, and it was accepted even though there were contingencies. The buyer was somewhat surprised that they had time to do the diligence. We had encouraged he said oddly, Carlisle said he's seeing price increases on homes that haven't sold until recently egregious underpricing was very common strategy in San Francisco and other parts of the bay area. He said agents would price ten to twenty percent below with the seller would accept hoping to get five ten or twenty offers and drive the price way beyond reason. Now when a home doesn't sell within a few weeks, the agent may increase the price. So as not to put sellers in the uncomfortable, but not illegal position of having to reject a full price offer that was lower than what they would accept.
"fixed rate mortgage" Discussed on FT Money Show
"Company out there. Every company see our has digital disruption. At the top of this strategy investing in tech, which bodes well for these companies. And of course, technology is a sector has changed, fundamentally, it's less volatile. It's got more earnings growth. It's even paying a small dividend. It's less capital intensive and because we in this world of very low growth with growth is difficult to find what used to look expensive might not look expensive at this stage. So it all depends on what side of the fence you sit really an increase in the people on the Sony of the short-selling fence. I mean, why do people choose the big tech groups? Is it simply question evaluation role there other factors were well because these companies have risen so so much. There is a concern because they profits on that high and the reason they prophets on the highest because these take companies take all the money, they Mike and their plow that back into the business investing and what could potentially be the next big thing. The so called moon shots. And the question is, why do. We have companies that really don't like that much profit at these very expensive levels, and that's what's making people nervous. Okay. You particularly concerned about recent developments at tesla tennis more, what's actually been happening there? Yes, it'd be quite interesting. So a few weeks back you remember there was that calamitous tweet from Ilan mask the founder of tesla way. He said that he was considering taking tesla private, and then he had secured funding. There was a lot of uproar on that, and it looks like the tweet was just that a bit of a job because he hasn't got the funding secured and he has made a few ready put decisions as of lightly of the weekend. He smoked pot smack marijuana on a podcast, and you know that is making investors nervous, and there's a bigger question which are dressed in my column this week around this kind of cult of genius. He got these companies and I've got his eye conic founders who become the CRO. So we're talking about JP sauce, Steve Jobs, Elon Musk. Jack Ma and they become these cult-like figures hold of genius with equally zealous followers. But as they business matures, there's a question whether you need that kind of prophet, iconic, silicon founder. If you actually needed grownup, who needs to run a business who needs to curb the pigeons not lash out on Twitter and actually the big picture because that's what majesty investors will. Thank you very much there to mica curry. You can read her investment column in the f. t..
"fixed rate mortgage" Discussed on FT Money Show
"Mortgage rates and look in a good deal. James Pickford FD money's deputy at a break the knees last week that five year fixed rate deals and now becoming more popular than shorter fixes. He joins me now in the studio to discuss. Welcome James, thank you. So you've been speaking of brokers, mortgage lenders. This is a pretty significant shift in the market. Absolutely. If you're looking at some the standards at a fixed rate deal that people tend to go for, it's a two year fixed. And the reason is, is the cheapest one of the market generally and for years that has has been the most popular type of fixed rate mortgage. But what lens break is told me is that over the past six months, nine months. And basically since. People have been talking about interest rates. Rising. People have been opting for five year fixes. So for instance, told me that August in August, that was the most populous of five year fixed. Take-up versus fee affects for at least ten years. Now, the broker broker told me that seventy percent of all his clients and Alan five-year fixes. And if over clients those over the age of forty five. So there's probably quite light. It's been that property for at least five years at all. Taking five year fixes. What's driving this trend? Many factors at play here. Absolutely. Mean you've mentioned interest. I saw on them as well. There's a set amount of uncertainty about economy wh where Israeli wage growth going to go in the next two to three years, what a job's going to be looking like in an uncertain economy over the next five years. And so people are looking simply to lock down these rights, but the other facts are the has really driven. This move to five year fixes is they are relatively cheap, competitive fixes. If you go back a few years, you'd find them as quite gap in the interest rates. You would pay on on the five year mortgages. You're paying full certainty over longer period and and you do pay price for that. And but now the average is sort of three point five, two percent for ATF fix versus two point nine, two percent for five years. It's not very much SUV is not very much in it and some readers of the Oscar LeMoyne will commenting the. They would be tempted to do a five year fix just because stamp Jesse is so high, frankly, not planning on moving anytime soon. Yeah, this is about remortgaging anyway to be fab because the house, the housing market is such slowdown, all the pretty much all of the growth we saw in high move is house. Buyers in the preview, took ten years ago has been replaced in mortgage activity by people. Remortgaging Shawn locking these Dale deals say for those who are listening, who thinking ROY mortgage on the to-do list, something I really need to to sort out this weekend, the pros and cons for those tempted to look in. Well, the one of the obese ones is that if you do a two year fix and change it for the best provider every two years, you're paying a booking Fe every time which can be a thousand pounds. If you do a five year fakes, you only have to do that once over five years. So there's an obvious saving. NG incentive comes. I mean, some of these five year deals have constraints where why buy if you want to end your contracts early, come out of the mortgage early, you will pay an early repayment charge. See, do you have to bear that in mind if you if you feel you want to move off and and that's paps. Why that more popular with older older borrowers or they won't Prager. In fact, it tell me this young boy is taking taking a look as well because they had been sort of shocks into action by the fact that they'd seem to interest at base rate rises in nine months, ten years of ultra-low, not font, percents, vice raise you. Wait ten years, ruined interest rate, etc. I think that's is exactly why you see the comes of the five year faces. If you look at the ten year fix, these are still not popular, you thought, well, if the logic it works for five years, then you'd see a runaway growth in tenure fixes, but people Jane linemen because you pay such mall for full that certainty. And actually people prefer flexibility and they prefers bail to get out to these things and take another view in a shorter period of time. We'll thanks very much James pick.
four ways that financing a home can allow you to become wealthier
"Total amount of tax you must pay here five expenses that are tax deductible every year that you itemize deductions on your tax return the first is mortgage interest this is deductible on up to seven hundred fifty thousand dollars of debt on a primary or a secondary residence and this is for tax payers who file jointly if you file as a single person you get to deduct interest on three hundred seventy five thousand dollars of debt the second expense is home equity loan interest this is also deductible and it's included in the seven hundred fifty thousand dollar limit that i just mentioned but you have to use this money to buy build or improve your property in order or san francisco were home prices are notoriously high and speaking of high prices and often overlooked benefit of owning a home is that it's a hedge against inflation when you have a fixed rate mortgage that's because you payment is locked in for the term of your loan maybe it's fifteen years or thirty years and that's true no matter what happens to interest rates or what happens in the economy rents well they could increase
"fixed rate mortgage" Discussed on The Dave Ramsey Show
"Well we tell folks never to buy a home where the payment is more than a fourth of your takehome pay on a fifteen year fixed rate mortgage never do a variable rate in the lowest interest rates sixty years and never do more than a fifteen year now if you do that that's about um you could probably qualify for almost twice that much house if you trick yourself into it but i'm going to keep you i'm going to be conservative and it goes on what you get your house paid off as quickly as you can so a fifteen year fixed where the payment is no more than a fourth of your takehome pay and then of course we tell folks to put down as much as you can put down because the ideas pay off the house as fast as possible first home it's always tough to come up with a big downpayment so we're not too hard on your on that one but um but if you can find twenty percent down you avoid pmi which is private mortgage insurance and a that that's can renew about seventy five dollars per hundred thousand dollars borrowed that ends up being almost three quarters of a percent interest rate is what it amounts to apply via alone of what i'm going on i would not do i would not do of the loan the va loan is the most expensive loan it's the highest rates it's the highest fees is highest everything and the only reason veterans ever do it as they don't have any money put down or they haven't looked at the the actual cost of the loan you can get it with nothing down but i never recommend bonn house nothing down if you're broke you'll need to buy a house yet.
"fixed rate mortgage" Discussed on Money Girl
"Capital one three 360 discover american express ally and us aaa don't worry about writing these down because i created a handy onepage pdf download four you called the online bank comparison chart you'll find a link to it in the notes for this show or you can get it by sending me a text message text the words bank online with no space bank online to the number three three four four four again send bank online to the number three three four four four and i'll send you the online bank comparison chart right now making sacrifices to become a homeowner can bring many benefits especially if you live in an area where owning is less expensive than renting if you have a fixed rate mortgage every payment you make bills equity in your home which is a smart way to build your net worth and wealth for the future if you're getting value from the show consider participating by sending me your money question or submitting a fivestar review that's an easy quick way for you to support the show you can do that in it tunes or any other aggregate her where you're getting the podcast the best places to reach me with your questions are my contact page laura de atoms dot com and my private facebook group called dominate your dollars you can find it by searching in facebook or sending me a taxed just text the word dollars to that same number three three four four four and i'll send you an invitation to the group right now.
"fixed rate mortgage" Discussed on The Dave Ramsey Show
"It's going to change i'm old i've seen the neighborhoods go up but of seeing the neighborhoods good down i've seen them tear down the houses in the neighborhoods the good down because their neighborhood became so popular that the junkie old houses had to go and they put new houses on the old lots i've seen it come and go come and go come and go come and go and arm we don't buy typically that many different homes in our lifetimes most of us but it's okay your blink and ten years has gone by an you're going to be fine get in the house in the right order when you're out of that you have your emergency funding and place and you saved a good strong downpayment and never by more than a fifteen year fixed rate mortgage where the payment is more than a fourth of your take on pain lisa just got house fever that's all of this keto take a cold shower finish it up do it right don't get yourself in a mass because you get the bug christie is was christie's in chattanooga our you christie added how you doing better than i deserve what's up all numbered in a quandary arm shrink started ler moon on about heavy wrap it up to forty five thousand dollars for longer hung and right now are left on my arcane law are however how a mortgage on and 8020 phnom mortgage we'll be back in two thousand happen i converted the eighty percent to fifteen year maybe five year you know and object converted this twenty percent and home equity calm because they entry stress how high get lower interest good car color healthy where personal interests don't our hearts much is the loom on the homework would alone about twenty six thousand um an appointment as eight then what is your household income it's about seventy and now for him around 50000 an saving you do have debts on because it's scares me control out of money from shaping hamas stra injured write a check you make seventy thousand dollars year aroma you would you could write a check for toys excels in in for eight thousand which will be thirty four thousand which would leave you sixteen thousand dollars in the bank then you'd be have zero payments at all.
"fixed rate mortgage" Discussed on The Dave Ramsey Show
"Well that thing alex gonna use that parshin md ninety five down payments that's fine as long as you don't take out a payment this more than a force if you take home pay on a fifteen year fixed rate mortgage i and you keep enough back for emergencies you need an emergency fund of three to six months of expenses okay so eighteen thousands gone for the deaths mussa have what do you make a year thai made a thousand clunker recess another ten thousand for an emergency fund and let's call it twelve may get round so that's thirty graham so that leisure hundred and fifty six to do the other stuff with and i'm gonna put you through our non week class called financial peace university so you can learn how to handle money well because every time you do something when money on should ask yourself with this make your grandmother proud because she was obviously good with money if you're doing things with money that are gonna make our proud that's probably called common sense hold off this is the dave ramsey show dave ramsey said this hour the so is over but she could podcast i applied everywhere free here to serbia hey guys this is dave ramsey reminding you to catch the dave ramsey show live on argue tube channel weekdays from two to five pm eastern be sure to subscribe and interact with us in the jet section during the live stream just go to youtube and subscribe to the dave ramsey show today.