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View Poll Results: I plan on buying a home when interest rates hit 5%
yes 3 27.27%
no 8 72.73%
Voters: 11. You may not vote on this poll

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Old 02-27-2008, 08:15 PM
 
2 posts, read 5,928 times
Reputation: 12

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Hi my renter just imformed me they found a better rental deal and will be moving on. I have a small 3/2 in West Boca that I am confident that I could rent quickly but I am to far away to really take care of it. Does anyone know how well homes are selling in West Boca?My home is near Lyons/Yamato.
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Old 02-27-2008, 08:20 PM
 
Location: Boca Raton, FL
6,254 posts, read 10,080,059 times
Reputation: 8916
Smile Boca rental

I sent you a DM. Let me know if it did not go thru. I am in Boca.
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Old 02-28-2008, 10:37 AM
 
12 posts, read 43,128 times
Reputation: 14
My husband and I are currently buying a home in Boca. While on our home search we did spend a day looking in West Boca and there were a lot of homes on the market there. Many more there than in Central Boca where we are buying. From what was told to us, the largest amount of foreclosures are mostly in the West Boca area.
You might want to hire a management company to rent out and maintain your home. My sis-in-law hired a company to do the same with her Pompano condo when she started working/living in Miami Beach and she has been very happy.
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Old 02-28-2008, 09:18 PM
 
2 posts, read 5,928 times
Reputation: 12
Wow,that sounds pretty bad.I hope that when interest rates go down below 5% in a few weeks things will start changing.
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Old 02-28-2008, 09:20 PM
 
8,377 posts, read 29,512,818 times
Reputation: 2408
It's not about interest rates. It's about prices and debt itself. It's not 2004 anymore. I hope those ass clowns don't kick down the interest rates again. I mean high interest rates are bad too but...you are going to have to reduce the price, that's just the way it works.
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Old 02-29-2008, 10:25 AM
 
Location: western East Roman Empire
8,874 posts, read 12,884,483 times
Reputation: 9326
While interest payments are the biggest factor in the equation, you still also have to calculate insurance, taxes, and any HOA fees.

It simply requires a lot of income to handle all that.

Certainly, the lower the price, the smaller the loan, and so the easier to handle the insurance and taxes.
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Old 03-01-2008, 05:54 PM
 
Location: Chandler, Arizona
269 posts, read 1,200,620 times
Reputation: 100
Default mortgage interest rates at 4 1/2%

If on the front page of the paper you saw this( mortgage interest rates at 4 1/2%)and you had been debating about whether or not you should buy a home now or wait this headline would send you house shopping.
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Old 03-02-2008, 12:03 AM
 
Location: Reality
1,049 posts, read 1,841,591 times
Reputation: 259
The time to buy is when interest rates are high and prices low. You refi when interest rates are low.

30-year mortgage rates averaged 6.24%, last week 6.04%
15-year mortgages rates averaged 5.72%, last week 5.64%.

US 30-year mortgage rates rise again in latest week | Markets | Bonds News | Reuters
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