Camille Harrison at Golden Hills Brokers

CRAZY INTEREST RATES! As we see 30-year fixed interest rate mortgages skyrocket this year with August above 7% don’t be too alarmed. Why you ask? After some research I found the highest rate is history was October 1981 at a mere 18.63% for a 30-year fixed loan, likely due to high inflation. Could you even image with homes in the area over a million dollars? So, let us look at the data. Historically in 1950 rates were around 4%, 60’s 2.65-3.75%, 70’s 7.3-7.5%, 80’s 7.5-9.75%, 90’s 10.13-8%, 2000’s 8-5%, 2010’s 5.14-3.72%, 2020’s 3.72% to January 2121 2.65%, August 2023 above 7%. The data shows the average 30-year fixed rate mortgage over the past 50 years is 7.75%. I know it’s not 2.65 but it’s NOT 18.65! So everyone settle down and look at what is best for you, look at your options, make informed decisions. Contact me with any real estate questions you may have, and for all your real estate needs.
Cited FreddieMac.com/tradingeconomics.com>30

Camille Harrison at Golden Hills Brokers updated their phone number.

Market stats for Nov. 2021

Market stats for Mountain House, CA

Understanding Prop 19 and what it means to you: Applies to property owners aged 55 and older, persons with severe disabilities, and persons that lost home in natural disasters, such as wild fires.
May transfer tax base 3 times, new home may be valued more or less than home they are selling, and my transfer tax base to anywhere in California.

Lead Poisoning Lead poisoning is a serious problem that can lead to adverse health problems. In children, high levels of lead can cause damage to the brain and nervous system, behavioral and learning problems, slow growth, and hearing problems. In adults, lead poisoning...

Plan of Action Analyze why you are selling - If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle. Prepare your home for the buyer - Maximize the s...

Is Buying a Home Still a Smart Plan With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it's important to consider all of the facts. The important message to take away f...

The Biweekly Mortgage - Who Needs It? Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam becoming more pervasive as everyone tries to get rich quick on the Internet, these ads are popping u...

Title Insurance When Refinancing Your Loan Lower interest rates have motivated you to refinance your home loan. The lower rate may save you a tremendous amount of money over the life of the loan, but you should also expect to pay the lender the typical closing costs associated with any new loan, i...

Underground Heating Oil Tanks Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water. Leaks are generally caused by the rust in...

For Sale By Owner - A Good Idea? FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents&...

Hot, Normal, and Cold Markets Hot Market This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and mor...

Land Contract An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property...

Title Insurance Requirements for Insuring Trusts | Tracy Real Estate | Camille Harrison In today’s world of busy probate courts and exorbitant death taxes, the living trust has become a common manner of holding title to real property. The following may help you understand a few of the requirements of the title insurance industry if tit...

Living Trusts | Tracy Real Estate | Camille Harrison Estate planners often recommend Living Trusts as a viable option when contemplating the manner in which to hold title to real property. When a property is held in a Living Trust, title companies have particular requirements to facilitate the transaction. ...

Insist on a Home Inspection | Tracy Real Estate | Camille Harrison A professional home inspection protects both you and the buyer. It allows both you and the buyer the opportunity to learn about the property’s defects. A home inspection usually covers the following: Plumbing conditions - if there is leakage or ...

Avoiding Financial Stress | Tracy Real Estate | Camille Harrison By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money. It is still true that the better qualific...

The No-Cost Thirty Year Fixed Rate Mortgage | Tracy Real Estate | Camille Harrison There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees...

Title Insurance - Where Does Your Dollar Go? | Tracy Real Estate | Camille Harrison Title Insurance: As a homebuyer, the term is probably familiar - but is it understood? What is your dollar actually paying for when you purchase a title policy? Title Insurers, unlike property or casualty insurance companies, operate under the theory of ...

Environmental Issues | Tracy Real Estate | Camille Harrison When purchasing a piece of property, it is important to be aware of any environmental liabilities associated with it. For example, you should find out if there are any registered underground tanks within several miles of the property, known contaminated p...

Finding the Right Agent | Tracy Real Estate | Camille Harrison Not all agents work the same way. The most important attribute of an agent is that he/she is well connected to the real estate industry. He/she should know the market and provide information on past sales, current listings, his or her marketing plan, and ...

Finding the Right Seller | Tracy Real Estate | Camille Harrison The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you ...

Which ARM is the Best Alternative? | Tracy Real Estate | Camille Harrison How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Or a loan where you did not ha...

Camille Harrison at Golden Hills Brokers updated their website address.

Understanding Title Insurance | Tracy Real Estate | Camille Harrison What is title insurance? Newspapers refer to it in the weekly real estate sections and you hear about it in conversations with real estate brokers. If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this...

Condominium and PUD Ownership | Tracy Real Estate | Camille Harrison Builders, in an effort to combat the dual problem of an increasing population and a declining availability of prime land, are increasingly turning to common interest developments (CIDs) as a means to maximize land use and offer homebuyers convenient, affo...

Making a Good First Impression | Tracy Real Estate | Camille Harrison If you want buyers to be interested in your home, you need to show it in its best light. A good first impression can influence a buyer both emotionally and visually, thus prompting them to make an offer. In addition, what the buyer first sees is what they...

Use a Buyer's Agent | Tracy Real Estate | Camille Harrison It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your question...