Rhonda’s Perspective For 2013

Question: What do you think mortgage interest rates will do in 2013?
Rhonda: I think there is a good chance we will see them go up. We have already seen a small upward movement this year. I think especially toward mid-year, we will see an increase in rates. There’s lots going on with fiscal talks in Washington, DC that could effect the long term rates. The stock market has also been doing good this year, which has partially caused our current upward movement.

Question: Is now a good time to purchase a home?
Rhonda: Yes, we are starting to see some firming of purchase prices as well as interest rates going up. We are also seeing less inventory.

Question: Is now a good time to sell a home?
Rhonda: I think that would depend on your current need to sell.

Question: I keep hearing that it is harder to get a mortgage and you have to have 20% down. Is that true?
Rhonda: I think that is partially true. You need to be able to prove income and stability of that income. You also typically need to have at least a 640 credit score. The higher the score the better deal you will get on rate. As far as down payment goes, there are still some great programs that allow less down payment. VA (Veterans Administration), Guaranteed Rural Housing, FHA (Federal Housing Authority), and Conventional with mortgage insurance. All of them require some type of mortgage insurance or funding fee. So, if you have 20% down, then you don’t have to pay that.

Rhonda Sherman, Dependable Mortgage Company, Grand Junction, Colorado

Rhonda Sherman

For more information,
I can be contacted at:

Dependable Mortgage Co.
Rhonda Sherman, Owner
License # 100008357  NMLS # 381084
145 Grand Avenue, Suite B  
Grand Junction, CO. 81501

(970) 257-1502 or (970) 250-8613
Website: Dependable Mortgage Co.

Regulated by the Division of Real Estate
An Equal Housing Lender

15 Responses to Rhonda’s Perspective For 2013

  1. Valuable info. Fortunate me I discovered your site unintentionally, and I am shocked why this twist of fate did not happened in advance! I bookmarked it. ninja mega kitchen system review http://www.addabazz.com/index.php?p=blogs/viewstory/974921 ninja mega kitchen system review

  2. Glory Kehn says:

    Very interesting subject , regards for posting . “He who seizes the right moment is the right man.” by Johann Wolfgang von Goethe.

  3. Excellent post. I was checking constantly this blog and I’m impressed! Extremely helpful information specifically the last part :) I care for such information much. I was seeking this particular information for a very long time. Thank you and best of luck.

  4. I can hardly believe that such well-designed blogs exist.

  5. I like what you guys are up also. Such smart work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site :)

  6. Shakia Moad says:

    you’ve got got a outstanding weblog here! want to develop invite posts on my weblog?

  7. An impressive share, I just given this onto a colleague who was doing somewhat analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If attainable, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Massive thumb up for this blog publish!

  8. An impressive share, I simply given this onto a colleague who was doing a bit of evaluation on this. And he the truth is purchased me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to debate this, I really feel strongly about it and love studying extra on this topic. If doable, as you develop into experience, would you thoughts updating your weblog with extra particulars? It’s extremely useful for me. Large thumb up for this weblog put up!

  9. Wow, amazing weblog format! How long have you been blogging for?

    you made blogging look easy. The total look of your site is magnificent,
    as smartly as the content material!

  10. vital tips says:

    wonderful submit, very informative. I ponder why the other experts of this sector do not notice this.
    You must continue your writing. I’m sure, you have a huge readers’ base
    already!

  11. Layla says:

    I like the valuable information you provide in your articles.
    I’ll bookmark your blog and test once more here regularly.
    I am quite certain I’ll learn many new stuff proper here! Best off luck for the next!

    Alsso visit my homepage buy watches online in uusa (Layla)

  12. I could not believe I discovered ths specific place!

  13. I appreciate, result iin I found just what I used to be tking a look for.
    You’ve ended my fouur day lengthy hunt! God Bless you
    man. Have a great day. Bye

    Feel ftee to surf to my web page … Team Coaching

  14. Very good article. I certainly love this website. Keep writing!
    jualbesibajamurah.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>