Brexit Drops Mortgage Rates to Historic Lows

Brexit Drops Mortgage Rates to Historic Lows

Last week, the United Kingdom voted to leave its place in the European Union. Because of Thursday’s Brexit vote, we anticipated mortgage rates could drop to historic lows. Today we can confirm mortgage rates dropped about one-eighth of a point after the financial commotion overseas. With interest rates already at three-year lows, this affords to you a great opportunity to refinance or purchase a home.

Brexit has created aftershocks to the global economy, many of which we have witnessed over the weekend and will likely continue to see. The stock market took a major hit, the pound depreciated in value and investors are moving their money to alternative opportunities.

Today’s Rates

5-Year ARM	2.625% (future adjustments)	3.442% APR
30-Year Fixed	3.375%	3.639% APR
15-Year Fixed	2.625%	3.072% APR
VA 30-Year Fixed	3.25%	3.422% APR
VA 5/1 ARM (1/1/5)	2.75% (future adjustments)	2.789% APR

Call me to discuss purchasing a new home with these low rates or refinancing your existing home!

Stacy Sheeley

Realty One Group - Summerlin

O: 702-898-1221

C: 702.292-9064 

stacy@lvteamrealty.com

www.ilovesummerlinhomes.com

Las Vegas Home Sales - Appreciation Map for December 2014 - 2015

Find Out What Your Home is Worth:
Step 1: Go to www.sumerlinhomereport.com
Step 2: Enter Your Property Info
Step 3: Receive Your Estimated Home Value by Email


To Contact Us:
Stacy Sheeley & Associates
Realty One Group - Summerlin
O: 702.898.1221
C: 702.292.9064
stacy@lvteamrealty.com
www.ilovesummerlinhomes.com

Interest Rate Hike - December 2015

I write you today about the recent Fed decision to raise interest rates.

Don’t worry. You won’t see the cost of mortgages increase too much. It’s only a 0.25% rate hike.

However, as our Las Vegas economy improves, interest rates will likely rise further making it more expensive to buy a home.

If you’re thinking of selling your home, this affects you now…

Your home will sell for its maximum price in 2016. The upcoming spring selling season is going to be hot.

Not many homes are for sale in Clark County – inventory is very tight.

Home buyers will also make motivated offers to get ahead of inevitable future interest rate hikes.

All this generates more demand for your home now.

As you know, home prices in many Las Vegas neighborhoods went up considerably in 2015 and there’s a strong chance your home is one of them.

I recommend you check the current market value of your home.

You can get a free valuation on my website: www.summerlinhomereport.com

  

Enter your property address and you’ll get a recommended selling price range for your home based on the recent sales of your neighbors.

You may be very surprised at your price – it’s likely to have gone up!

Now this website tool is just an estimate. However, if you’re serious about selling your home, I can give you a very accurate asking price.

Call me at 702-292-9064 or reply to this email with details of your home.

Tell me about your kitchen, bathrooms, home improvements, and all the things you love. I know what a buyer will pay for it today.

And of course, if you’re not interested in selling your home, rest easy knowing we are in a healthy real estate market with appreciating prices.

If I can ever be of service to you buying or selling a home, I’m here.

Stacy Sheeley & Associates

Realty One Group

Office: 702-292-9064

stacy@lvteamrealty.com

www.ilovesummerlinhomes.com

October 2015 Home Sales

The October 2015 Single Family Home Appreciation by Zip Code:

Buying A Home: How to Improve Your FICO Score (Credit Scort)

 

 

 

IMPROVING YOUR FICO SCORE

It’s important to note that raising your score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time.
PAYMENT HISTORY TIPS

• Pay your bills on time. Delinquent payments and collections can have a major negative impact on your score.
• If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your score.
• Be aware that paying off a collection account will not remove it from your credit report. It will stay on your report for seven years.
• If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor. This won't improve your score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.

AMOUNTS OWED TIPS

• Keep balances low on credit cards and other “revolving credit”. High outstanding debt can affect a score.
• Pay off debt rather than moving it around. The most effective way to improve your score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.
• Don't close unused credit cards as a short-term strategy to raise your score.
• Don't open a number of new credit cards that you don't need, just to increase your available credit. This approach could backfire and actually lower score.

LENGTH OF CREDIT HISTORY TIPS

• If you have been managing credit for a short time, don't open a lot of new accounts too rapidly. New accounts will lower your average account age, which will have a larger effect on your score if you don't have a lot of other credit information. Also, rapid account buildup can look risky if you are a new credit user.

NEW CREDIT TIPS

• Do your rate shopping for a given loan within a focused period of time. FICO® scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which inquiries occur.
• Re-establish your credit history if you have had problems. Opening new accounts responsibly and paying them off on time will raise your score in the long term.
• Note that it's OK to request and check your own credit report. This won't affect your score, as long as you order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers.

TYPES OF CREDIT USE TIPS

• Apply for and open new credit accounts only as needed. Don't open accounts just to have a better credit mix - it probably won't raise your score.
• Have credit cards - but manage them responsibly. In general, having credit cards and installment loans (and paying timely payments) will raise your score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.
• Note that closing an account doesn't make it go away. A closed account will still show up on your credit report, and may be considered by the score.

Search for homes at my website:  www.ilovesummerlinhomes.com  or email me: stacy@lvteamrealty.com

Federal Interest Rates Expected To Rise

Federal Reserve Interest Rates

In Case You Missed It....
On Wednesday afternoon, after a two-day meeting, Fed policy makers issued a statement saying that economic growth continued to meet their expectations, and they continue to be on track to raise rates sometime later this year, perhaps as soon as its next policy meeting in mid-September.

The last time the Fed raised interest rates, in June 2006, Facebook was mainly for college students and had one-tenth the users of MySpace.

Keeping you informed!

Stacy Sheeley & Associates

Realty One Group - Summerlin

stacy@lvteamrealty.com

www.ilovesummerlin.com

702.292.9064 - direct

702.898.1221 - office

 

Summerlin’s new village The Cliffs breaks ground June 10

Summerlin’s new village The Cliffs breaks ground June 10