Home Buyers Should Act Now Before Rates Go Up

Posted in February 2nd, 2010

by Rick Bonetti in Financing Trends, Homebuyer Tips

Interest rates have been stable over the past week but appear ready to rise based on Obama’s budget which among other things promotes job growth, responsible government spending and is viewed as a positive for the economy based on today’s bond trading. There were several other positive economic reports out Monday [...]

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Reverse Mortgage Now Allows New Home Purchase

Posted in January 28th, 2010

by Rick Bonetti in 50+ or Better, Financing Trends

Did you know that there is a program that allows seniors (62 years and older) to purchase a new home without taking on a new monthly mortgage payment? It will enable seniors to:
Purchase a primary residence more suitable for their current needs (ie. single story vs. two story)
Purchase a home in a senior housing community
Move into [...]

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How’s The Real Estate Market?

Posted in January 26th, 2010

by Rick Bonetti in Market Trends

The question if get asked most frequently is “How’s the real estate market?” It used to be that everyone read the newspapers and got their somewhat distorted news from the headlines; now people get their news online and from multiple sources.
I hope I have earned the right for you to turn to SaratogaVoice.com when you [...]

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Are Shared Home Appreciation Arrangements Good for Retirees?

Posted in November 14th, 2009

by Rick Bonetti in 50+ or Better, Financing Trends, Homebuyer Tips, Homeseller Tips

Home buyers looking for homes for sale in Saratoga, Los Gatos, Monte Sereno and other affluent neighborhoods of Silicon Valley are aware that prices in the upper end of the market are currently soft. Astute home buyers are hoping that home values will rebound in the best neighborhoods as the recession ends and they are [...]

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Mortgage Rates Expected to Rise Slightly

Posted in October 20th, 2009

by Rick Bonetti in Financing Trends

Mortgage rates have climbed a bit this past week due to strong earnings in the stock market, which has pushed the dow over 10,000.
On the other hand we are now seeing higher fuel prices, which is generally a strong inflation indicator and this is not good for rates. In addition, jobs are still a problem; there is [...]

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