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  • Keller Williams Consultants - Hart Property Advisors Blog

    Thursday, July 25, 2013   /   by Kevin Hart

    Interest Rates are on the Rise In Columbus, OH

    INTERESTING NUMBERS ON HOW THE RATE CHANGES PURCHASE PRICE...
     
    Whether looking for a home in Columbus, OH market or anywhere for that matter you will want to read this article.  Prices of homes in Dublin and Olentangy Schools have been on the rise and now rates are going up.  If on the fence, the time to buy is now.
     
    According to the BankingMyWay Weekly Mortgage Rate Tracker, 30-year fixed rate mortgages shot up again last week to 4.63% from 4.46%. In May and June, mortgages rates shot to 4.6% from around 3.5% in the past 60 days, to the highest levels since 2011, costing new homebuyers a fortune in the process.
    How much are they potentially losing? Let's let the BankingMyWay Mortgage Calculator do the math:
     
    Before May 1
    Mortgage amount: $200,000 Term: 30-years, fixed rate mortgage Interest rate: 3.50% Monthly payment: $898.09 Total payments: $323,311.97 Total interest: $123,311.97
    Since July ...

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    Sunday, July 21, 2013   /   by Jessica Deubner

    Agree or Disagree? Something I came across today.

    Why adjustable-rate mortgages are hot again
     
    PHILIPPE HUGUEN/AFP/GETTY IMAGES - When buying a house, it is important to calculate which mortgage is best for you. Many borrowers are considering adjustable-rate mortgages, which fell out of favor during the recession and recovery.
     
    The Washington Post
    by Katherine Reynolds Lewis, Published: July 18
    When Brian Bartlett bought a one-bedroom condominium in Rosslyn last month, he asked his mortgage broker to price a range of mortgages, from a one-year adjustable rate to a 30-year fixed rate. The seven-year ARM ended up giving him the best rate without picking an uncomfortably short time frame.
    “My decision was pretty much to get the lowest rate possible while also managing the risk,” said Bartlett, who is 29 and single. “It was right in the middle, the sweet spot for where I am in my age and my situation. Seven years from now, I’ll probably be in a much different place financially and in my per ...

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    Monday, May 20, 2013   /   by Kevin Hart

    Dublin Village time for a change

    Have you heard about the latest housing coming to Dublin?  One and Two bedroom luxury apartments coming to the old Dublin Village Center.
    http://www.bizjournals.com/columbus/news/2013/05/20/edwards-communities-gets-initial.html?page=all
     
    Looking to buy a home in Dublin Schools?  Call Hart Property Advisors .... We are your trusted resources in Real Estate for Columbus and surrounding areas!
    614.571.1902
     

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