Sam Shueh, mba, cdpe, reopro, pe (   (408) 425-1601)

Spam prevention
Ambassador
5,752,679
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

As long as they are so low, an upward trend is inevitable at some time.

Jan 01, 2018 09:29 PM
Rainmaker
1,183,850
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

BofA 12/16/15

 Glossary Term: APR
30-year Glossary Term: fixed layer 4.125% 4.234%
15-year Glossary Term: fixed layer 3.250% 3.485%
5/1 Glossary Term: ARM layer (variable)

3.125%  for mortgage 5/1 ARM

 

5/1 ARM interest rate and payment subject to increase after 5 years. Select the ARM interest rate for important information, including estimated payments and rate adjustments.

3.407%

 

--------------------------------------

 

This is what the best mortgage interest is in CA, big lenders rates are slightly higher.

Loan<=417kRental<=625kRentalJumbo
APR=Acutal Rate,0 Point 0 Fee
5Yr Fix 2.5% 3% 2.625% 3% 2.75%
7Yr Fix 2.625% 3.125% 2.875% 3.125% 3%
15Yr Fix 2.75% 3.25% 3% 3.25% 3%
30Yr Fix 3.5% 3.75% 3.5% 4% 3.875%
Dec 15, 2015 10:24 PM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

At best a slight change and sometimes short term rates are affected more. The Fed rates are just one piece of this but not the whole piece.

Dec 15, 2015 10:03 PM
Rainmaker
4,567,039
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Rates will bump up, but not slow down the market. We are used to abnormally low rates and even with a bump they will remmain low!

Dec 16, 2015 08:45 PM
Ambassador
4,316,215
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sam Shueh we all know rates are up by 0.25%. Let's see how it impacts the mortgage rates....

Dec 16, 2015 02:16 PM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

up .25%

Dec 16, 2015 11:30 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I seen the news and am all for it

Dec 16, 2015 08:07 AM
Rainmaker
4,333,471
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Up at least a quarter

 

Dec 16, 2015 04:17 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

The bigger question for us is how any actions by the US Fed will affect interest rates and the economy in Canada.

Dec 16, 2015 02:28 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think there will be a hike today.

Dec 16, 2015 02:25 AM
Rainmaker
4,263,679
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hmmm.   Should I bet when I already know the answer?   

Dec 16, 2015 01:54 AM
Rainmaker
1,430,221
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My guess is 2. Stay put.

 

Reasoning: It's right before Christmas and they wouldn't want to do anything to risk a drop in consumer spending for the biggest spending season.  Additionally, since the election season is starting, I'm not sure they really want to look like they're playing politics.

Dec 16, 2015 12:42 AM
Rainmaker
1,672,115
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

I hope the FED gets smart on this. I don't believe the market will sustain a rate increase right now.

Dec 15, 2015 11:48 PM
Ambassador
1,608,236
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I think it will increase.  My crystal ball isn't always reliable.

Dec 15, 2015 11:41 PM
Rainmaker
846,375
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

I think the timing would be bad to raise it right now. Come January is a better time to take action on this and I believe it would be a HIKE.

Dec 15, 2015 11:37 PM
Rainmaker
5,323,059
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Spoke to my fav lender earlier this week, and knowing the rates will increase, the interest rate has already increased a bit.

Dec 15, 2015 11:36 PM
Rainer
42,520
Fred Hafdelin
Weichert Realtors - Mountain Lakes, NJ

I think they will be raised but just a little.

Dec 15, 2015 11:22 PM
Rainmaker
2,691,172
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

My only comment is that the economy is still too weak to play with

Dec 15, 2015 10:50 PM
Rainmaker
7,033,883
Roy Kelley
Retired - Gaithersburg, MD

I predict a small increase in mortgage interest rates but my crystal ball is out of order this morning.

Dec 15, 2015 10:36 PM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sam Shueh All indications are the Fed will raise the rate a little. We'll know after today.

Dec 15, 2015 10:25 PM
Rainmaker
529,171
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

The Fed has been playing a smoke & mirrors game for many years and I do not think the stars have aligned yet to make any significant changes

Dec 15, 2015 10:22 PM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

The Feds have bee.n undecided for so long. I don't know. My guess is yes. 

Dec 15, 2015 10:05 PM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I think they'll nudge up a small amount.... maybe those on the fence will jump now,...

Dec 15, 2015 10:04 PM
Rainmaker
4,350,159
Richard Weeks
Dallas, TX
REALTOR®, Broker

2

Dec 15, 2015 10:03 PM
Rainmaker
1,558,335
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I think, it is just a beginning. It will go up again and maybe again. They have no choice but hike it. 

Dec 16, 2015 04:18 PM
Ambassador
3,987,010
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I think they will go up slightly. as you said the markets have already reacted.

Dec 16, 2015 11:46 AM