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Displaying items by tag: Mortgage

Tuesday, 17 September 2013 20:25

Bond Purchase Tapering, Mortgage Rate, and You

Bond Market Tapering And Real Estate

by I Hsiang Tsai


Remember when the Chariman Bernanke talked about adding stimulus at a slower pace, how it impacted the mortgage rate? Yes it did push up the cost of mortgages for millions of Americans. 


So some of you may think that it is just talking and that the interest rate goes up and down, but one thing you can’t deny is that the interest rate has been going up and not down back to 3.5%.  


The meeting held by the Fed policy makers will likely lower the monthly bond purchase by 10 billion instead of 20 billion as was expected prior.  So what does the tapering means for the home buyers and sellers??


4.57 percent was the average rate on a 30-year fixed-rate loan by Sep 12, 2013 and already we are seeing potential buyers are looking eagerly to find a suitable property before the rate goes up any higher.  Higher the mortgage rate means more people will have hard time qualify for the loan.  It also means the possibility of lowering consumer spending which will also affect the economy. 


We understand Hawaii’s property has never been too cheap to start with compared to many states.  Most of us look at it as a cost of living in a paradise.  We also watched the news talking about how the cost of home will continue to rise and the affordability window is closing on us.  But I think what it is trying to say is that it will be harder to get a loan as intereate rate rises even higher and that the possibility of the loan amount will be smaller.  If you have a lot of cash laying around then it may not be a problem for you, but for most of us it will be a problem.  


While Bernanke’s June 19 remarks that he may reduce securities buying this year and halt it by mid 2014, have you as a buyer or seller started to think about what is the best course for you?


As a seller, have you thought about how would mortgage rate increase impact you selling your home?  Some may think that this is a great market to sell your house when buyers are out there looking.  It is correct as long as there are qualified buyers out there.  But what if when those buyers no longer qualified to buy the property at or near your asking price due to rising interest rate?  It means although demand is there yet what good does it do if less people are able to buy even if they want to?  One can hope that investors with cash will just come and buy.  But overall, the rising of interest rate, less qualified buyers, and rising asking price by the sellers will also affect the sellers themselves in the end.  


We will keep an eye on how the tapering of bond purchase will be and how it affects the mortgage rate and overall housing market.  Please feel free to comment and discuss your views and opinions.  I also hope that when you or your friends have the need for real estate in Hawaii, you will consider having me and my team to help you.   Please feel free to email us at This email address is being protected from spambots. You need JavaScript enabled to view it.  or This email address is being protected from spambots. You need JavaScript enabled to view it. should you have any need for real estate service.

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如果是现金购买, 卖家会要求您提出资金证明 (银行类存款等等 用来证明有足够资金买房)此证明不需要马上就提出,当您的契约被卖家家接受后的3-5天内提出即可- 正确天数 依照合约)

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第一:  相约看房:  如果有适合的房子, 买房可以透过我们房地产经纪人与卖方的委托人进一步的交涉。通常我们会与买家拟定一个合适的价格 (OFFER) 然后 作出 书面的出价 (购屋合同)里面包含购买价格,付款方式,订金,交屋, 托管公司,房屋检查,等等。  买方需要写一个支票来支付订,支票抬头写托管公司然后给我们 (买方经纪人),或是如果没有美国银行账户外国买家也可提议在OFFER接受的3天内汇款订金。  如果卖方接受了我们的出价那么,这个支票(初期订金)就会被送去托管公司开户。  如果最后没有成交,大部分的情况下 托管公司会把支票退还。   {了解更多}   如果是汇款,托管公司也会退款给您。   

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