Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob T

Making a living in real estate in Las Vegas is as much fun as a hot crap game, and it moves just as fast.

Nationwide, people tend to move every 4 to 7 years, but here in Henderson, it’s more like every 2 to 4 years.

And that means for the last decade and a half of unprecendented, off-the-charts growth, adjustable rate mortgages were absolutely the way to go.

Combine that with a long term period of low inflation, and they were really the only way to go. I have helped hundreds of clients in my mortgage and real estate practice in Clark County over the last 15 years save a ton of money by taking advantage of the lower rates that adjustable mortgages provide.

But I’m not doing that anymore. In fact, I am doing the exact opposite, encouraging all of my clients to use fixed rate mortgages when they purchase, and STRONGLY urging all my clients who have homes in Summerlin to get out of their adjustable NOW.

Many of you might remember what the housing market was like back when Jimmy Carter was president. I remember buying my first house then and the rate on the mortgage I assumed was 15.5%! Holy loan shark, Batman!

Inflation was the culprit back then, as inflation is always the mortal enemy of mortgage rates. Inflation has been tame for so long now that we got used to it, but there is only one thing we can say about that period. Goodbye.

The period of low inflation is going away as astronomical federal debt requires the fed to print new money faster than anyone can count it to pay the bills.

There is also currently a worldwide movement away from the dollar as the preferred currency for oil. This will force the emerging economies of the world like Russia, India and China to start liquidating their dollar holdings and stocking up on euros. And when those dollar holdings get liquidated, they’ll be coming home.

The combination of the fed printing tons more money, and all of these petrodollars coming back from overseas will create a severe inflationary spiral, and mortgage rates MUST go up.

This means that everyone holding short term adjustable rate mortgages in Green Valley is going to really get hurt. For many wage earning families, the adjustments to their rates may be so severe they simply lose their homes.

Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob Tr

t 15 years save a ton of money by taking advantage of the lower rates that adjustable mortgages provide.

But I’m not doing that anymore. In fact, I am doing the exact opposite, encouraging all of my clients to use fixed rate mortgages when they purchase, and STRONGLY urging all my clients who have homes in Summerlin to get out of their adjustable NOW.

Many of you might remember what the housing market was like back when Jimmy Carter was president. I remember buying my first house then and the rate on the mortgage I assumed was 15.5%! Holy loan shark, Batman!

Inflation was the culprit back then, as inflation is always the mortal enemy of mortgage rates. Inflation has been tame for so long now that we got used to it, but there is only one thing we can say about that period. Goodbye.

The period of low inflation is going away as astronomical federal debt requires the fed to print new money faster than anyone can count it to pay the bills.

There is also currently a worldwide movement away from the dollar as the preferred currency for oil. This will force the emerging economies of the world like Russia, India and China to start liquidating their dollar holdings and stocking up on euros. And when those dollar holdings get liquidated, they’ll be coming home.

The combination of the fed printing tons more money, and all of these petrodollars coming back from overseas will create a severe inflationary spiral, and mortgage rates MUST go up.

This means that everyone holding short term adjustable rate mortgages in Green Valley is going to really get hurt. For many wage earning families, the adjustments to their rates may be so severe they simply lose their homes.

Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob T

!

Inflation was the culprit back then, as inflation is always the mortal enemy of mortgage rates. Inflation has been tame for so long now that we got used to it, but there is only one thing we can say about that period. Goodbye.

The period of low inflation is going away as astronomical federal debt requires the fed to print new money faster than anyone can count it to pay the bills.

There is also currently a worldwide movement away from the dollar as the preferred currency for oil. This will force the emerging economies of the world like Russia, India and China to start liquidating their dollar holdings and stocking up on euros. And when those dollar holdings get liquidated, they’ll be coming home.

The combination of the fed printing tons more money, and all of these petrodollars coming back from overseas will create a severe inflationary spiral, and mortgage rates MUST go up.

This means that everyone holding short term adjustable rate mortgages in Green Valley is going to really get hurt. For many wage earning families, the adjustments to their rates may be so severe they simply lose their homes.

Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob T

and China to start liquidating their dollar holdings and stocking up on euros. And when those dollar holdings get liquidated, they’ll be coming home.

The combination of the fed printing tons more money, and all of these petrodollars coming back from overseas will create a severe inflationary spiral, and mortgage rates MUST go up.

This means that everyone holding short term adjustable rate mortgages in Green Valley is going to really get hurt. For many wage earning families, the adjustments to their rates may be so severe they simply lose their homes.

Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob T

Additionally, if you do own property in Seven Hills and you might want to sell it in coming years when we have double digit rates, the only way you’ll be able to sell it will be if you’ve got a good, low fixed fixed mortgage in place. In fact, that good, low fixed rate may be the key determining factor in what you’re house’s value actually is, or whether you can sell it at all.

The golden age of ARM’s is over. So if you’re buying, take the higher fixed rate, and if you’re currently in a home with an adjustable rate, get out of it while you still can.

-Bob Tracey