Where Are Mortgage Interest Rates Headed In 2019?

Where Are Mortgage Interest Rates Headed In 2019? | MyKCM

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.

Where Are Mortgage Interest Rates Headed In 2019? | MyKCM

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.

According to CoreLogic’s latest Home Price Index, national home prices have appreciated 6.2% from this time last year and are predicted to be 5.1% higher next year.

If both the predictions of home price and interest rate increases become a reality, families would wind up paying considerably more for their next homes.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth, so don’t wait until next year! Let’s get together to evaluate your ability to purchase your dream home now.

Is Housing Affordable?

As home prices continue to rise due to a lack of inventory, many people are becoming more concerned about housing affordability. Taking a look at NAR’s Housing Affordability Index puts that concern to rest. Let’s get together to go over your specific market and determine whether or not you are ready to buy today!

Here’s a great video detailing the facts and the subject.

Have questions on the local Bellingham and Whatcom County Real Estate Market?

Contact us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com to learn more!

Tips for Keeping your Pets Safe and Secure This Fourth of July!

Keeping pets safeIf you are anything like me then your pets are an important part of your family.  The 4th of July is an exciting fun time for us, but is can be a huge  source of anxiety and fear for our pets.  Many dogs become startled and run off during the holiday. This 4th of July weekend take a minute and think about the tips below to help keep your pets happy and safe this 4th of July.

–  Dig out some recent photos of your pet or pick up your digital camera and snap a shot. Nothing would be worse than not being able to give people a visual of your pet in the even that they should become lost.

– Make sure your pet is micro chipped and has proper identification tags on their collar in the event that they should become lost and then found.

–  Secure your pets in a safe area whether you decide on a kennel or a crate so you are confident they will not become startled and run off.

– If you plan on having house guest over inform that guests on your wishes to keep you pet safe. If you animals are indoor pets only make them aware of your wishes to not have them let outside.

– Many pets do not like loud and noisy environments so consider keeping the noise away from your pet or playing a calm music in their area to help ease their anxiety with all the commotion going on around them.

– In the event that your pet may become lost you can contact the Whatcom County Humane Society to see if they have found your pet you can visit them online at http://www.whatcomhumane.org/

Have a happy and safe 4th of July!

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Geneva Neighborhood Open House this Sunday from 1pm to 3pm

FOR SALE(1)

Join me this weekend for an open house at 1363 S Parkstone Ct in Bellingham this Sunday from 1pm to 3pm.

Tucked away at the end of a private cul de sac is this gorgeous 4 bedroom home. The minute you enter, you know you are in for a real treat as you experience well-designed spaces, natural light flooding through the windows, gleaming hardwood floors that appear to be brand new, soaring ceilings & high grade finishes used throughout. Whether it’s early morning coffee on the front porch, a thoughtful moment in the gardens or a special celebration on the back deck, this home is built for enjoyment.

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Join us for an open house on Sunday, June 24th from 1pm – 3pm at 1363 S Parkstone Court in Bellingham. Don’t miss out on this turn key home in a great neighborhood.

For more information, visit the virtual tour here.

Are We Feeling the Shockwaves of Seattle’s Market?

The headline on the front page of The Seattle Times this morning is “Home Prices Jump in South Seattle”.  The article goes on to say the City’s median house price is now nearly $820,000. We feel the shock waves of the Seattle market here in Whatcom County as more Seattleites search up & down the I-5 corridor to find an affordable home.

More often than not, one hears “how can local folks afford to buy a home here”? Many times the buyers are people displaced by the high prices of the Seattle market & searching out a place for their family. Terms we are hearing now include “Pressure Cooker Market”, “Surging Prices”, “Instant Response Market” rather than a “Quick Action Market”.  No matter what terms you prefer to use, know that our local real estate market will continue to rise, inventory will be in short supply & while interest rates will continue to rise, it’s doubtful to me that it will do much to slow things down.

Here’s a great visual on the number of homes available overtime:

April 2018 Snap Shot

If you or your friends or family have questions about the market, Mike & I would be more than  happy to help you make some sense out of it.  Give us a call at 360 303 2734.

 

Waterfront Lot For Sale!

Sandy point lot

Looking for an incredible waterfront lot? Just minutes from Ferndale and Bellingham?

4435 Saltspring Drive is currently listed for just $105,000

All the work has been done and this lot is ready to build. SPIC water has been paid and the meter is set, Sewer is on the lot and the power pole is up. Plans included and ready to submit for a building permit. Over 65 feet of waterfront on the Lake at Sandy Point. Enjoy incredible sunsets to the west and the snowcapped hills to the east. Amenities for Sandy Point- pool, golf, boat launch, sports court and fresh air. Some of the best walking in the county.

To learn more, or to schedule a tour of the property visit our website today or call (360) 201-5088.

Spring is Here! Is your lawn ready?

Hand LawnSpring is officially here! Even though the sun is not shining today, warmer and brighter days are ahead.

Now is the time to attend to our lawns and get ahead of the curve to achieve a vibrant and healthy turf! Winter can change soil pH, compact the soil and create hospitable environments for weeds and disease.

Here are a few tips to get you started:

 

1. Give your yard a good raking now. This helps with thatch build up and leaf removal left over from last season. This will remove any dead grass blades and give you a fresh start. Also, if you find any “matted patches” from winter, a light raking will help you to avoid a disease called “snow mold”. It’s best to start this step after all the snow is gone for the season… Watch for uneven areas. Low spots cause poor drainage and high spots can get scalped by the lawn mower. A shovel can help you even out the ground…cut back raised areas and fill in the depressed ones. For very large lawns, you can rent a de-thatcher.

 

2. Check for compaction. Compaction happens when there is high foot traffic. Grass can’t take root when there is compaction and weeds can flourish. Moss can signify compaction (among other things). The remedy is lawn aeration. Aeration is best performed in late Spring, in our area of the country. How do you know if your lawn is compacted? Try this trick: stick a garden fork into the ground. If the tines fail to penetrate 2 inches (5.08 centimeters), your soil is compacted and should be loosened with an aerator designed to remove small plugs of soil from your lawn.

 

3. Moss also signals acidity. Grass likes it neutral, so lime is a good idea to help this situation, although it’s a slow fix. ONLY lime if there is truly an acidity issue, otherwise, you can go backwards as your lawn may become alkaline, which is not helpful either. Consider having your lawn tested to identify its condition. Also, consider an iron application which is usually in spray form. Within days, the turf should respond to the iron applications and turn darker green in color.

 

4. You may need to overseed if you have dog spots, heavy traffic or neglect *(bare, brown spots). A slow release nitrogen fertilizer should be applied while overseeding. Five weeks later, after the grass germinates, apply a quick release nitrogen fertilizer.

 

Special thanks to our friends at Corion Landscape Management for the great article. If you need professional help with getting our lawn ready for spring, Corion Landscape Management is here to help. Corion offers exceptional landscaping installation and maintenance services for Bellingham, Ferndale, Mt. Vernon, Burilington and all of Whatcom, Skagit and Island Counties.

Green Spring Cleaning Solutions

Natural Cleaning Ideas

The sun is shining and Spring is almost here!  With Spring often times comes the feeling to spruce things up around the house. But, don’t rush out and buy all the kitchen and bathroom cleaning chemicals you can find. You might be surprised to learn that you have many ingredients you could use to clean already in your pantry. Below are some green cleaning solution mixtures to help you keep your home sparkling clean.

 Floors: Mix 4 cups of white distilled vinegar with about a gallon of hot water. If desired, add a few drops of pure peppermint or lemon oil for a pleasant scent. After damp mopping the floors, the smell of vinegar will dissipate, leaving behind only the scent of the oil.

Glass: Mix 1/4 cup vinegar with 1 quart of water in a spray bottle. Spray on glass and wipe clean with old newspaper or a lint-free cloth.

Counter tops and bathroom tile: Mix 2 parts vinegar and 1 part baking soda with 4 parts water. Apply with a sponge, scour, and wipe away.

Wood furniture: Mix equal parts of lemon juice and olive and oil. Apply a small amount to a cloth, and rub onto the furniture in long, even strokes.

– Toilet bowl cleaner: Sprinkle a toilet brush with baking soda and scrub away! Occasionally disinfect your toilet by scrubbing with borax instead. Wipe the outside of the toilet clean with straight vinegar.

– Disinfectant: Mix 2 teaspoons borax, 4 tablespoons vinegar, 3 cups hot water, and 1/4 teaspoon liquid castile soap. Wipe on with dampened cloth or use a spray bottle. Wipe clean.

– Mold and mildew: Wipe with straight vinegar.

– Air freshener: Sprinkle essential oil on a cotton ball, and stash it in a corner of the room. If you have kids, make sure it is out of their reach as essential oils are very strong and could irritate their skin. Lavender is a relaxing scent that is great for bedrooms, and cinnamon, clove, and citrus oils are great for the rest of the house. You can stash a few in the car too—try peppermint, which may help you to stay alert.

Source: Sparkpeople.com- Lisa Barnes

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What Difference Does an Hour Make?

 

Difference an Hour makes

Some Highlights:

  • Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time.
  • Unless of course, you are a resident of Arizona or Hawaii!
  • Every hour in the United States: 614 homes are sold, 81 homes regain

Want to make your hours count for your real estate deals? We are here to help! 

Is Now a Good Time to Rent?

Rent pic 1

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Rent pic 2

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.
Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy. The first step is to contact a lender. We have  a great database of experienced local lenders to choose from. Call us today for a lender reference and to get the ball rolling at 1-888-713-3056.