Are mortgage interest rates going up?

The Federal Reserve Board meets March 14th to review the state of the economy and analyze the Federal debt.  The T-bill has gone up to 2.51%.  It is predictable that the bank rates will rise which in turn increases the mortgage rates.  The real estate market has been on a slow upswing but now with the new administration policy changes, the market has become shakey.  In 1990, the mortage rates came down from the two digit rates to 9.5% after over 10 years of double digit rates, whereas currently the rates are a low 4.25% which to the baby boomers is fantastic.

Great thing about residential housing is “Everyone needs a place to live.”  Now the decision is rent or buy, yet someone still has to own the property.  Real estate will always be a good investment for someone.

What does your Email address say!

New agents entering the real estate market should consider the email address used for business.  Some people may have an email name which says totally personal playfulness instead of their name etc.  Of course, some new agents may have an identity associated with the email name which will also work for them in their new career, like “runwithbob@yahoo.com”.  BUT if your name is something like “sexyat40@gmail.com” not business like at all.  New agents fitting this situation should create a new email address to use for business.

Also, be careful about only using the company email assigned to you.  This is great for association at the company, but make sure you operate through your controlled email address unless there is an advantage to remaining under the company only email address.  When you move from one company to another without your contacts knowing how to contact you personally, then you could lose future business that has not been assigned to the company yet BUT are actually your contacts.

Code of Ethics course

The 2016 year end marks a deadline for Realtor requirements for members of NAR (National Association of Realtors).  All members must complete a code of ethics course to remain active members of the association.  It is a plus to couple the education credits with the completion of the course.  A member can earn CE credits for renewal while qualifying for the code of ethics training.  Just take a course that has approved CE credits which will be reported to the licensing authority and the local Association who tracks your education.

MRES has an approved course through the Realtor University for only $29.95 here!