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⋆Victory Property Management Wilmington NC to Raleigh NC Metros & Homes for Rent
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Zillow Digs announced the top home design trends for 2017, along with the three soon-to-be forgotten fads from 2016. Results were based on a survey of leading interior design experts and trending photos on Zillow Digs.
So what will be 2017’s hottest trends? Check out the full list below!
http://www.zillow.com/blog/top-home-design-trends-2017-209431/?utm_source=email&utm_campaign=emm_0117_harrietmail2017trends_ctabutton&utm_medium=email
Check out four hot looks for next year (plus the three trends that are over).
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The Federal Reserve has put its benchmark interest rate at close to 0% over the past ten years as a strategy to boost the economy. However, in December 2016, the Fed hiked interest rates up to 0.75%.
A rise in interest rates is a signal that the Federal Reserve believes the economy is healthy enough that borrowing costs should return to normal levels. This would help keep inflation in check. However, a rise in interest rates could cause some short-term volatility. Economic recovery could slow down; wages may decline, and borrowers would have to pay more for assets, such as houses.
Effect on Mortgage Rates
Increasing the interest rate does not necessarily result in a proportionate increase in consumer mortgage rates. From 2000 to 2017, there has been only a small amount of correlation between the short-term federal funds rate and the long-term 30-year fixed mortgage rate. In fact, it's fairly common for 30-year mortgage rates to move on their own, independent of other economic factors.
For example, from 2004 to 2006, the Federal Reserve increased short-term interest rates from 1 to 5.3%. Over the same period, mortgage rates increased from 5.8 to 6.3%. While interest rates increased by more than 4%, it resulted in only a 0.5% increase in long-term mortgage rates.
Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Click here for more information on rates and product details.
Long-term mortgage rates move as a result of many factors, such as the federal funds rate. Other factors that affect mortgage rates include the inflation rate, the erosion of purchasing power of money, the budget deficit, and household savings rates.
Therefore, an increase in the federal funds rate will only have a small effect on long-term mortgage rates and the overall housing market. However, it's assumed that the federal funds rate will increase fairly steadily over the next two years, reaching an estimated 2.5%. There is likely to be an announcement of an interest rate increase each quarter, and consumer confidence may waver.
Increasing Mortgage Rates
Similar to the federal funds rate but somewhat independent of its movements, some experts say the 30-year fixed mortgage rate is expected to increase over the next two to three years. However, the perception that the potential rise in the federal funds rate is causing mortgage rates to increase is incorrect. If inflation turns out to be higher than expected, it could be the cause of an increase in mortgage rates. Additionally, if the current housing shortage persists with new housing developments lagging behind population growth, it will increase apartment rents, owner-equivalent rents and mortgage rates.
With inflation rates and housing prices making up 30% of the consumer price index (CPI), they are the most significant factors in terms of whether mortgage rates increase in the future. If the Federal Reserve can contain the budget deficit and if home builders become more active, mortgage rates should only increase slightly, even if the federal funds rate increases significantly.
While currently 30-year fixed mortgage rates sit at 4.00% as of Jan. 10, 2017 even if 30-year mortgage rates increase above 6%, it shouldn't alarm consumers. The average mortgage rate was 9% in the 1970s, 13% in the 1980s and 8% in the 1990s.
Also, increases in the 30-year mortgage rate are a signal that the economy is improving and the job market is strengthening. Underwriters will be more relaxed in writing loans, and the pool of homeowners will increase in size. Therefore, it's economically possible for consumers to take on higher mortgage rates; the housing market will be fine, even in light of an increase in the federal funds rate.
Read more: http://www.investopedia.com/articles/investing/101515/effect-fed-fund-rate-hikes-housing-market.asp#ixzz4W72f9AvO
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Effect of Fed Fund Rate Hikes on the Housing Market | Investopedia
Understand what drives the federal funds rate and why the Fed would increase that rate. Learn about the effect of a rate increase on the housing market.
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Dreaming on you.......@Luca Micheli ✅
Everything could happen. Everything is just written. We have just to wait the flow.
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Contact Information
Contact info
Phone
9192498555, 9104479495, 9195848045
Email
Fax
9107951668
Address
609 St Marys St Raleigh, NC 27605 http://victoryrealestateinc.com/raleigh/
4002 1/2 Oleander Dr. 1A Wilmington, NC 28403 http://victoryrealestateinc.com/wilmington/
1135 Kildaire Farm Rd. Suite 200 Cary, NC 27511 http://victoryrealestateinc.com/cary/
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Imagine, Property Management So Passionate, You'll Swear it's Your Home...
Introduction
@@~~~ Please see our reviews on other sites.  Google moved our Wilmington reviews to our Cary NC office listing.  Also have a look at Citysearch.com, Yahoo.com, Insiderpages.com, and more!!!!  ~~~@@@

As everyone knows many companies pad their reviews these days.  Our reviews are spread across nearly a dozen excellent websites over a period of years.  We've been receiving great reviews for a long time. 

Victory Realty revolves around a culture of passion and energy, as well as a love of the current technology revolution.  For this reason we have stayed well ahead of our competitors in all aspects of rental management from marketing to owner/client communication.  Originating from, and still to this day operating as a commercial marketing firm for multiple companies in and outside the real estate industry, Victory has an inside track on how people use the web day to day.  Rental searches are almost exclusively done online these days, and understanding that constantly changing landscape is every bit of half the success battle.  Many old style management firms make due as a result of their sheer size, but Victory was built from the ground up during the worst housing crisis since the 30’s.

 At a time when most firms are struggling desperately to stay afloat, and barely keeping clients from hysteria, we have managed to grow at an astounding pace while maintaining an excellent reputation with the Better Business Bureau, online, and otherwise. While many companies treat rentals as nothing but a subsidy for more home sales, we’ve embraced rental management, and love our jobs!  We manage not according to profit, but rather philosophy.  For instance, some may be familiar with the broken window theory.  Most attribute the massive decline in New York City crime to the adoption of this theory.  Basically, if potential criminals see a broken window, they assume the area is neglected and are highly likely to commit crimes.  We subscribe to this theory in our day to day business.  If customers see a broken window in our caring and attention, tenants are much more likely to create problems, and landlords likewise feel neglected.  When we see a broken window on the horizon, we address the issue before most even recognize there may be one.  Our clients’ success is the only thing driving our success, and we apply that value to every facet of our culture.  Imagine, in the midst of an information revolution, a property manager that thrives on change, and being the absolute best…