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Interest Rates, Your Home And Inflation-What Does It Mean?

Published on July 9th, 2013 by Deborah Weiner // Mortgage Rates Appraisals Property Taxes, Real Estate Market GA

Rates have risen over the last month…going up over 1% in less than 30 days. Historically these are still some of the lowest interest rates on record for home loans and we need to keep this in mind. It is still a strong time to buy. Rates are low and homes are still priced well. What is causing rates to rise? There are many factors…inflation and/or quantitative easing are some of them.

1971 to 2013 Graph 30 Year Mortgage Rates

1971 to 2013 Graph 30 Year Mortgage Rates

Inflation is a general rise in the prices of goods/services and often can be tied to buying power. One dollar 10 years ago bought more gasoline than one dollar today. Inflation is one of the many reasons for this. One of the many roles of The Fed is to manage inflation. This is where your mortgage rates come into play. The Fed has been monitoring and maintaining low rates artificially by purchasing bonds and assets from banks. Their argument is that this policy helps keep rates low and assists in making it more attractive for people to borrow money. As money is loaned out people spend money and create jobs…this is the theory.

As The Fed buys less bonds/assets from banks, rates will/should rise. One reason is the banks now have less cash to lend and as availability diminishes cost goes up. The Fed has promised to help maintain low rates through 2015. Certainly more announcements will come with time as The Fed changes/updates policies.

So what does this mean for you the home buyer? Less buying power when rates go up. $100,000 borrowed at 3% costs $421.60 a month on a 30 year loan. at 4% the same loan costs $477.42 a month. Over $50 more a month which means the cost to own that home just went up over $50 per $100,000 of loan. You can see how this could have bigger impacts on $200-300K loans when rates are higher (think 8-9%!).

Home Mortgage Information

Home Mortgage Information

What is reality? Hard to say really…my crystal ball is foggy at best. Most “experts” believe rates will hover in the 4-6% range 30 year fixed for a longer period of time (through next year). These rates are still some of the best rates in the history of interest rates. I remember my first boss telling me about his 1 month adjustable ARM at the low low rate of 11%! So despite lower inventories and rising rates it is still a VERY good time to buy. Any CPA who has been in business more than 10-15 years will certainly agree.

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The Weiner Group, which is Brad Weiner, Deborah Weiner and their daughter Brittany Weiner form one of the highest producing Real Estate teams in North Atlanta GA. They are pleased to announce that they have received the 2013 & 2014 RE/MAX Individual Award for the Georgia Region. Brad Weiner ranked #2 in the region for RE/MAX.

Brad states “It is a pleasure to be the Broker at REALTY ON MAIN. None of this could have been possible without the support of my wife, Deborah Weiner and daughter Brittany Weiner, who continues to play an integral role in my success as a transaction agent”. Staying in touch and listening to the needs of both sellers and buyers, is our goal as professional agents.

The Weiner’s momentum has continued into 2013, with over 75 transactions totaling 17 Million dollars already closed for the year. Deborah Weiner states “We just did a refresh of our innovative website and we have been working on that for the first half of the year. The website,, just re-launched and we are excited to see how our clients like the new look and feel. We believe it’s more intuitive, user friendly and are confident it will lead to a more interactive experience for our customers”.

The Weiner’s take great pride and pleasure in working with each of their clients. Their natural success is based on a very high level of personal service to each of their customers. If you wish to check out “The Weiner Group's” buyer website, head on over to our Real Estate BLOG at or give them a call if you would like to discuss the buying process or selling of your home. We look forward to hearing from you!

REALTY ON MAIN-301 N Main Street-Alpharetta GA 30009
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